FX and FX Indexed Payment Ban and Exemptions in Turkey

The amendments to the Decree No: 32 Protection of the Value of the Turkish Currency was published in the Official Gazette on September 13, 2018 and FX and FX-indexed payments for certain transactions has been banned. On the other hand, the Ministry of Treasury and Finance has been authorized to determine the exemptions.

The exemptions was published in the Official Gazette on October 6, 2018 as Communique 2018/32-51.