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ARTICLE · 26 JUNE 2018

New Foreign Currency Loan Borrowing Rules For Turkish Ordinary Partnerships

Eryurekli Law Office
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This Legal Alert seeks to provide information regarding the recent amendments to the "Circular on Capital Movements of the Central Bank of the Republic of Turkey".

TurkeyFinance and Banking
Ayça Sarıkamış
Ayça Sarıkamış
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This Legal Alert seeks to provide information regarding the recent amendments to the "Circular on Capital Movements of the Central Bank of the Republic of Turkey".

As may have known, the new Circular on Capital Movements of the Central Bank of the Republic of Turkey ("Circular") promulgated by Central Bank of Turkey, entered into force on 2 May 2018, replacing its original. The new Circular provided a guidance on the rules of Decree amending the Decree No. 32 on Protection of the Value of Turkish Currency in the Official Gazette dated 25 January 2018 and numbered 30312 ("Amendment Decree") and provided further clarification regarding the implementation of the new foreign-currency denominated loan ("FX Loan") borrowing regime in Turkey.  

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