The Republic of Türkiye's Ministry of Treasury and
Finance published amendments to Communiqué No. 2008-32/34
(“Communiqué”) regarding Decree No. 32 on the
Protection of the Value of the Turkish Currency in the Official
Gazette dated 6 March 2025 and numbered 32833. This amendment
significantly eased the restrictions related to the prohibition on
foreign currency payments. This amendment is effective as of the
date of its publication.
Prior to such amendment in the Communiqué, persons
residing in Türkiye were allowed to determine the fees and
other payment obligations (such as interest, penalty clauses)
arising from movable asset sale agreements, excluding vehicle sale
agreements, in a foreign currency or indexed to a foreign currency
and to fulfill payment obligations in foreign currency only in
certain exceptional cases. Aside from exceptional cases, although
the fees and other payment obligations could be set in or indexed
to foreign currency, fees and other
