The Central Bank of the Republic of Turkey (CBRT) Communiqué Amending the Communiqué in Support of the Conversion of Deposit and Equity Accounts in Turkish Lira and the Communiqué Amending the Communiqué in Support of the Conversion of Deposit and Equity Accounts in Turkish Lira were published in the Official Gazette.

Thereafter, from January 31, 2024, domestic individuals can exchange their gold, dollar, euro and British pound foreign currency deposits and foreign currency equity fund accounts existing with banks within the framework of the Exchange Protected Deposit Account, into TL.

As of the previously established dates, no updates were made regarding the balances to be used as the basis for converting gold, foreign currency deposits and equity funds of domestic legal entities to TL term or equity accounts.

Conversions to TL are carried out at the request of the account holder and at the conversion rate.

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