Foreign currency
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Turkiye raises fees for international vessels transiting Turkish straits
In line with a new mandate, transit fees imposed on international vessels passing through the Turkish straits will be $4.42…
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Turkiye: Decision on cash advance canceled
The Central Bank has canceled a previous decision that introduced limits on cash advance withdrawals from credit cards and overdraft…
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Turkish central bank asks banks to widen FX, gold transaction spreads
Turkiye’s central bank has asked banks to widen the spread for gold and foreign currency transactions to curb foreign currency…
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CBRT will pay 4.5% interest on foreign currency brought over the required reserve amount
The Central Bank of the Republic of Turkiye (CBRT) will pay 4.5% interest to the foreign currency accounts they will…
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Turkiye central bank holds rate at 9 percent, inflation to dip from 64 percent
Turkiye’s central bank held interest rates at 9 percent for a second straight month on Thursday, and analysts said it…
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Turkiye: Action plan to fight informal economy unveiled
The government has launched the action plan to fight informal economy for 2023-2025, Treasury and Finance Minister Nureddin Nebati has…
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Turkiye halts lending to more FX-rich firms to boost lira
Turkiye tightened lending rules for many companies with more than $500,000 in foreign currency cash on Friday, sweeping up more…
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Turkiye: Credit facility from BRSA to companies
BRSA has brought document convenience to companies that will use credit. Companies that receive loans will be able to make…
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Turkish banking watchdog announces details of commercial loans decision
Turkiye’s banking watchdog has announced the details of commercial loans decision revealed on June 24, while emphasizing that the decision…
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Turkish Central Bank reserves at $106.9B in April
Bank’s foreign currency reserves rise 3%, gold reserves down 1.3% The Turkish Central Bank’s reserves rose to $106.9 billion as…
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