The Central Bank of the Republic of Turkiye (CBRT) made a technical change in the date requirement of real person conversion accounts.
The communiqués containing the technical changes made by the CBRT in the Communiqué on Supporting the Conversion to Turkish Lira Deposit and Participation Accounts and the Communiqué on Supporting the Conversion from Gold Accounts to Turkish Lira Deposit and Participation Accounts were published in the Official Gazette.
Accordingly, domestic real persons will be able to convert their gold, dollar, euro and British pound deposit and participation fund accounts in banks into TL as of August 31, 2023.
Previously, the date determined for the balances to be taken as basis for the conversion from gold and foreign currency deposit and participation fund accounts of domestic real persons to TL time deposit or participation accounts was June 30, 2023.
Conversions to TL will be carried out upon the request of account holders and at the conversion rate/price.
Source: AA / Prepared by Irem Yildiz