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Restriction on the use of Foreign Currency in Turkish Contracts Exemptions Announced

10/10/2018

As explained in our E-alert of 19 September 2018, on 13 September 2018, the President of the Republic of Turkey restricted the use of foreign currency denominated or indexed payments for certain types of contracts among Turkish residents (the “Restriction”)...

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Authors

Portrait ofDöne Yalçın
Döne Yalçın
Partner
Istanbul
Portrait ofAlican Babalioglu
Alican Babalioglu
Managing Partner
Istanbul