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ARTICLE · 05 AUGUST 2026

New Phase In The FX Conversion Support Scheme For Companies

The Communiqué Amending the Communiqué on Supporting the Conversion of Companies’ Foreign-Sourced Foreign Currency into Turkish Lira (No. 2023/5) (Communiqué No. 2026/11) (the "Amending Communiqué") was published in the Official Gazette dated 1 August 2026 and numbered 33327.

TurkeyCorporate/Commercial Law

The Communiqué Amending the Communiqué on Supporting the Conversion of Companies’ Foreign-Sourced Foreign Currency into Turkish Lira (No. 2023/5) (Communiqué No. 2026/11) (the "Amending Communiqué") was published in the Official Gazette dated 1 August 2026 and numbered 33327.

While maintaining the 2% foreign currency conversion support available to companies, the Amending Communiqué substantially revises the conditions for benefiting from the support scheme, the upper limits applicable to foreign currency sales and support amounts, the review and audit procedures, and the sanctions applicable in cases of false declarations or improper use.

The principal amendments introduced by the Amending Communiqué are summarised below, together with their practical implications for companies and intermediary banks.

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