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Currency Protected Deposit USD, Euro and Sterling accounts will be converted to Turkish Lira at the conversion rate upon request as of 31.08.2024

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SEP 2, 2024 MONDAY Official Gazette Number: 32650
NOTIFICATION

From the Central Bank of the Republic of Türkiye:

NOTIFICATION ON THE AMENDMENT OF THE NOTIFICATION ON SUPPORTING THE CONVERSION TO TURKISH LIRA DEPOSIT AND PARTICIPATION ACCOUNTS (NO: 2021/14) (NO: 2024/19)

ARTICLE 1- The first paragraph of the 4th article of the Notification on Supporting the Conversion to Turkish Lira Deposit and Participation Accounts (No: 2021/14) published in the Official Gazette dated 21/12/2021 and numbered 31696 has been amended as follows.

“(1) Foreign exchange deposit accounts and foreign exchange participation fund account balances of domestically resident real persons and domestically resident legal entities in US dollars, Euros and British pounds as of 31/8/2024 shall be converted into Turkish lira at the conversion rate upon the 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 02.09.2024
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.


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