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CBRT's new decision on foreign currency

The CBRT will provide foreign currency to TL conversion support to companies that sell the foreign currency they obtain from abroad to the Central Bank.

CBRT's new decision on foreign currency
According to the statement made by the Central Bank of the Republic of Turkey (CBRT), during the sale of foreign currencies of companies to the CBRT, companies will be able to receive foreign exchange conversion support up to 2 percent of the amount converted into Turkish lira in return for the commitment they will make.
After the companies sell at least 40 percent of the foreign currencies they bring to the country to the CBRT, they will be able to evaluate the remaining part of the foreign currency brought in in the exchange rate protected conversion account and receive foreign exchange conversion support up to 2 percent of the amount converted into Turkish lira in return for their commitment.
Banks will determine that the currencies to be sold to the CBRT and the currencies to be converted into Turkish lira term deposit and participation accounts originate from abroad.

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