A New Era in the Central Bank's Foreign Exchange Support - Sözcü Gazetesi
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7 Articles
Mehmet Şimşek, Minister of Treasury and Finance, stated that the issues addressed in the Financial Stability Committee have been put in place by the Central Bank, adding: “In this context, while introducing more flexible and simple implementation conditions in the support of foreign exchange conversion for companies by the Central Bank, this means that more of our companies
Treasury and Finance Minister Mehmet Şimşek stated that the issues discussed in the Financial Stability Committee have been implemented by the Central Bank, saying, "In this context, the Central Bank has introduced more flexible and simplified application conditions for foreign currency conversion support for companies, and steps have been taken to ensure that more companies benefit from this support."
The Central Bank has published the implementation instructions detailing the regulation supporting companies in converting their foreign currency earnings into Turkish lira. With the new regulation, which will come into effect on October 1st, the "no foreign currency purchase" commitment has been removed and replaced with a "foreign currency position requirement".
Treasury and Finance Minister Mehmet Şimşek stated that the issues discussed in the Financial Stability Committee have been implemented by the Central Bank, adding, "In this context, the Central Bank has introduced more flexible and simplified application conditions for foreign currency conversion support for companies, and steps have been taken to ensure that more companies benefit from this support."
Treasury and Finance Minister Mehmet Şimşek announced that the Central Bank has introduced more flexible and simplified application conditions for its foreign currency conversion support for companies.
Central Bank Changes the System: New Era in Foreign Exchange Support for Companies - Dünya Newspaper
The Central Bank has restructured the support system that encourages companies to convert foreign currency earned abroad into Turkish lira. Treasury and Finance Minister Mehmet Şimşek stated that the restructuring introduces more flexible and simplified conditions, aiming to allow more companies to benefit from the support.
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