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ARTICLE · 16 SEPTEMBER 2013

The New Check Regime Of Turkey

The Turkish Parliament has recently adopted a legislation that brings down penalties on bounced checks.

TurkeyFinance and Banking

The Turkish Parliament has recently adopted a legislation that brings down penalties on bounced checks. Accordingly, contrary to the former legislation the issuers of bounced checks will only be subject to administrative fine rather than imprisonment.

During the years of high inflation and the several economic crises in Turkey, the checks especially by textile and raw materials sector have been preferred as the payment tool in Turkey. The economic conditions and the sanctions of imprisonment during the years that the former laws, Law No 5941 and Law No 3167 were in effect, has required a new radical approach to check regime due to many increasing social problems such of increase in prisons, booken homes, etc. As a reality of patriarchal structure of Turkish society and perception of "men make houses women make homes", many women have been stuck in a situation of waiting their men to be released from the prison.

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