The Communiqué Amending the Communiqué Regarding Decree No. 32 On The Protection Of The Value Of Turkish Currency, Published In The Official Gazette No. 32833 Dated 06.03.2025 And Entering Into Force On Its Date Of Publication, Has Been Issued.
Pursuant to Communiqué No. 2025-32/72, published in the Official Gazette No. 32833 dated March 6, 2025, an amendment has been introduced to paragraph 9 of Article 8 of the Communiqué (Communiqué No. 2008-32/34) Regarding Decree No. 32 on the Protection of the Value of Turkish Currency, which was previously published in the Official Gazette No. 26801 dated February 28, 2008.
By virtue of this amendment, the obligation imposed on residents of Turkey to perform contractual payment obligations in Turkish currency—effectively prohibiting payments in foreign currency—within the scope of movable property sale contracts (excluding vehicle sale contracts) concluded among themselves has been repealed.
PREVIOUS REGULATION
According to the previous regulation, it was required that payments be made in Turkish Lira (TL):
“(9) It is permissible for individuals residing in Turkey to agree on the contract price and other payment obligations arising from sales contracts of movable goods, excluding vehicle sales contracts, in foreign currency or indexed to foreign currency. However, except for the situations specified below, payment obligations arising from these contracts must be fulfilled and accepted in Turkish currency (Turkish Lira).”
AMENDED REGULATION
With the relevant amendment, the obligation to fulfill payment obligations in Turkish currency has been lifted, and it has become possible to fulfill payment obligations in foreign currency or indexed to foreign currency in movable goods sales contracts, excluding vehicle sales contracts:
“(9) It is permissible for individuals residing in Turkey to agree on the contract price and other payment obligations arising from sales contracts of movable goods, excluding vehicle sales contracts, in foreign currency or indexed to foreign currency.”
EFFECTS OF THE AMENDED REGULATION
With the relevant amendment by the communiqué, individuals residing in Turkey have been granted the freedom to enter into sales contracts for movable goods, excluding vehicle sales contracts, in foreign currency or indexed to foreign currency.
The prohibition on payments in foreign currency has been lifted, which marks an important development, particularly for companies and sectors engaged in foreign trade and those with foreign currency earnings. The objective is to reduce the costs associated with foreign currency transactions in domestic trade.
The Ministry of Treasury And Finance Of The Republic Of Turkey Published Its Announcement Regarding The Relevant Communiqué Dated 07.03.2025
The Ministry of Treasury and Finance of the Republic of Turkey published an announcement on its official website on March 7, 2025, regarding the relevant Communiqué. In this context, the following points regarding the regulation have been emphasized:
- It is applicable only to movable goods sales contracts,
- Vehicle sales contracts are excluded from this regulation,
- Provisions in foreign currency or indexed to foreign currency are still prohibited in real estate lease, real estate sales, business, service, work, and financial lease contracts.
BIBLIOGRAPHY
The relevant Communiqué and announcement may be accessed through the following links (only available in Turkish) :
https://www.resmigazete.gov.tr/eskiler/2025/03/20250306-6.htm
https://www.hmb.gov.tr/duyuru/finansal-piyasalar-ve-kambiyo-genel-mudurlugunden-duyuru
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