Tag: Foreign Currency Ban

Posted on

IN WHICH CONTRACTS PAYMENT OBLIGATIONS CAN BE FULFILLED IN FOREIGN CURRENCY?

Recently, an amendment has been made in the Communique No. 2008-32/34 Regarding Decision No. 32 On The Protection Of The Value Of Turkish Currency.

In the light of the last amendments have made on 19.04.2022, the table regarding the contract price and other payment obligations that can be agreed in foreign currency or indexed to foreign currency and how their payment obligations will be fulfilled as presented below for your information.

Continue reading “IN WHICH CONTRACTS PAYMENT OBLIGATIONS CAN BE FULFILLED IN FOREIGN CURRENCY?”
Posted on

IN WHICH CONTRACTS FOREIGN CURRENCY IS FORBIDDEN?

The exceptions brought by the Ministry of Treasury and Finance (“the Ministry”) to the prohibition of determination of contract fees in some contracts and other payment obligations in or indexed to foreign currencies determined by The Presidential Decree No. 85 published on the Official Gazette on 13 September 2018 have been listed briefly by the communique of the Ministry (“the Communique”) issued on 6 October 2018, as stated in the table below:

Continue reading “IN WHICH CONTRACTS FOREIGN CURRENCY IS FORBIDDEN?”