The Central Bank of the Republic of Turkey (CBRT) has decided to postpone the obligation to report foreign exchange transactions

CBRT

The Central Bank of the Republic of Turkey (CBRT) has announced that the requirement for companies borrowing more than 50 million units of currency to report their foreign exchange transactions has been postponed until 2024.

The Central Bank of the Republic of Turkey (CBRT) has made changes to the scope and duration of Summary Foreign Exchange Position Reporting.

Following additional evaluations of the reporting process, the reporting obligation has been postponed until the January 2024 reporting period for all companies falling within the scope, including those with credit balances of 50 million TL and above.

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