Communiqué No. 2008-32/34 on the Decree No. 32 Regarding the Protection of the Value of the Turkish Currency Has Been Amended
Summary
Communiqué No. 2022-32/66 (“Amending Communiqué”), which amends the Communiqué No. 2008-32/34 on the Decree No. 32 Regarding the Protection of the Value of the Turkish Currency, has been published in the Official Gazette No. 31814 on April 19, 2022 and entered into force.
You may access to the Amending Communiqué through this link. (available in Turkish only.)
- An obligation to pay in Turkish Lira in movable (asset) sales contracts where the contract price and other payment obligations arising from the contract are determined in foreign currency or indexed to foreign currency has been introduced
Before the amendment, it has been stated that it is possible for Turkish residents to determine the contract price and other payment obligations arising from the contract in foreign currency or indexed to foreign currency, in movable (asset) sales contracts other than vehicle sales contracts to be concluded among themselves.
With the amendment, it has been regulated that, if the contract price and other payment obligations arising from the contract are determined in foreign currency or indexed to foreign currency in such movable (asset) sales contracts, it is obligatory to fulfill and accept the contractual payment obligations in Turkish lira.
- It has been stated that contract price and other payment obligations arising from certain public contracts can be accepted and paid in foreign currency or indexed to foreign currency
Before the amendment, it has been stated that it is possible to determine the contract price and other payment obligations arising from the contract in foreign currency or indexed to foreign currency in contracts to which public institutions and organizations and companies of Turkish Armed Forces Foundation are a party other than real estate sales contracts and real estate lease contracts.
With the amendment, it has been regulated that contract price and other payment obligations from such contracts can not only be determined but also be accepted and paid in foreign currency or indexed to foreign currency
