According to the statement made by the Central Bank of the Republic of Turkey (CBRT), companies will be able to receive a foreign currency conversion basis up to 2 percent of the amount converted into Turkish lira, in return for their commitment, during the sale of foreign currency of companies to the CBRT.
In addition, companies will be able to use the remaining portion of the foreign currency brought into the country in a currency-conserved conversion account after selling at least 40% of their foreign-sourced foreign currency to the CBRT, and receive a foreign currency conversion supplement of 2% of the amount converted into Turkish lira in return for their commitment.
Banks will determine that the foreign currency to be sold to the CBRT and the foreign currency to be converted into Turkish lira time deposit and participation accounts are of foreign origin.
