The Amendments to the Decree No. 32

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The amendments to the Decree No. 32 Regarding the Protection of the Value of the Turkish Currency (“Decree No. 32“) published in the Official Gazette on September 13, 2018 restrict foreign currency or indexed to foreign currency payments for certain resident-to-resident transactions.

However it is easy to find lots of legal alerts and memorandums, it is recognized that there are no appropriate translation of the amended articles. With regard to this we find helpful to share the exact translation of the amended articles with our clients.