Foreign Currency Payments Allowed Again For Movable Sales

I. Introduction

The Communiqué No. 2025-32/72 ("Amendment Communiqué"), prepared to amend the Communiqué on Decree No. 32 on the Protection of the Value of Turkish Currency (Communiqué No. 2008-32/34) ("Communiqué"), was published in the Official Gazette No. 32833 on 06.03.2025 and has entered into force.

You can access the full Turkish text of the Communiqué, including the latest amendments, here.

II. Amendment

Prior to the amendment, Article 8, Paragraph 9 of the Communiqué stipulated that while it was permissible for residents in Turkey to agree on contract prices and other payment obligations in foreign currency or indexed to foreign currency in movable sales contracts other than vehicle sales, the actual execution of such payments in foreign currency was prohibited. In other words, while the contract could be concluded in foreign currency, except for certain exceptional cases listed in the Communiqué, the payment had to be made in Turkish