With a new regulation, companies with foreign currency loans will be supported

Companies with foreign currency loans will be able to get a 1-month maturity. Companies that exchange foreign currency at the beginning of the maturity will be able to receive TL at the end of the maturity in the same foreign currency.

According to the decision published in the Official Gazette, the foreign currency deposit account and foreign currency participation fund account balances in US dollars, Euros and British pounds in banks of domestic resident legal entities with foreign currency liabilities are converted into Turkish lira at the rate at the beginning of the maturity if the account holder requests. The foreign currency obtained by the Bank as a result of this transaction is purchased by the Central Bank at the rate at the beginning of maturity and the equivalent Turkish lira is transferred to the relevant bank. The Bank opens Turkish lira deposit or participation accounts for resident legal entities with maturities to be determined by the Central Bank, but not less than 1 month.