Change in Currency Protected Deposit: Gold accounts in banks are converted to Turkish Lira at the conversion price upon request of the account holder. Official Gazette dated 2.9.2024
NOTIFICATION ON THE AMENDMENT OF THE NOTIFICATION ON SUPPORTING THE CONVERSION FROM GOLD ACCOUNTS TO TURKISH LIRA DEPOSIT AND PARTICIPATION ACCOUNTS (NO. 2021/16)
(NO. 2024/20)
ARTICLE 1- The first paragraph of the 4th article of the Notification on Supporting the Conversion from Gold Accounts to Turkish Lira Deposit and Participation Accounts (No. 2021/16) published in the Official Gazette dated 29/12/2021 and numbered 31704 has been amended as follows.
“(1) The gold accounts of domestic natural persons as of 31/8/2024 and domestic legal persons as of 31/12/2021 shall be converted into Turkish lira at the conversion price upon request of the account holder.”
ARTICLE 2- This Communiqué shall enter into force on the date of publication.
ARTICLE 3- The President of the Central Bank of the Republic of Turkey shall execute the provisions of this Communiqué.
Source: Official Gazette dated 2.9.2024 Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.