INFO CENTER
21.11.2024

“A CCR Account Can Be Opened for Foreign Currency Deposits in Banks”

Communiqué No. 2022/16 of the Central Bank of the Republic of Turkey amending the Communiqué No. 2021/14 on Supporting Conversion to Turkish Lira Deposit and Participation Accounts was published in the Official Gazette dated 8/4/2022 and numbered 31803.

Prior to the amendment, the foreign currency deposit account and participation fund account balances denominated in US dollars, Euros and British Pounds, which existed on 20/12/2021 for real residents and on 31/12/2021 for legal entities, could be converted into Turkish lira at the conversion rate.

With the aforementioned amendment, it has been made possible to convert the foreign currency deposit account and participation fund account balances in foreign currency denominated in US dollars, Euros and British Pounds, which are available in banks for domestic resident real persons and in banks for domestic resident legal entities at any date between 31/12/2021 and 31/3/2022, into exchange rate protected deposit accounts.

You can access our circular dated 29.01.2022 and numbered (8) here.
You can access our circular dated 14.02.2022 and numbered (10) here.
You can access our circular dated 07.03.2022 and numbered (17) on the subject here.

 

Communiqué No. 2022/16 is available here.

 

Sincerely,
BİLGENER

Info Center