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ARTICLE · 16 OCTOBER 2018

Communique On The Scope Of Contracts In Foreign Currency Has Been Published

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The regulations in the aforementioned Communique are summarized as below.

TurkeyFinance and Banking
Ersin Nazali
Ersin Nazali
Mükerrem Yanar
Mükerrem Yanar
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As it is known, Decree on The Protection of the Value of the Turkish Currency dated 07.08.1989 (Decision No.32) was amended through the Decree Regarding Amendment to the Decree No.32 which was published in the Official Gazette dated 13.09.2018 and numbered 30534. The scope of the amendment was prevention of foreign currency payment in most of the contract (types) executed by residents in Turkey among themselves. However, as the regulation was very unclear, there were too many questions about implication of the new amendment.

Therefore Treasury and Finance Ministry has issued a Communique (Communique No. 2018-32/51) Regarding Amendment on the Communique (Communique No. 2008-32/34) Regarding Decision No.32 which has been published in the Official Gazette numbered 30557 and dated 06.10.2018. The regulations in the aforementioned Communique are summarized as below.

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