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Central Bank expands foreign exchange conversion support

Photo: Star

This story is from 28 September 2026.

The Central Bank (TCMB) introduced a 10% foreign exchange position requirement for the foreign exchange conversion support starting on 1 October. Treasury and Finance Minister Mehmet Şimşek said firms contributing to exports through production and supply will have easier access to the support.

Under the new scheme, firms' pledge not to buy foreign currency was removed. Treasury and Finance Minister Mehmet Şimşek said the change aims to align the support with firms' real economic activity.

Central Bank expands foreign exchange conversion support

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Source spectrum StateConservativeIndependentIndep.OppositionOpp.Foreign
+2: Gazete Oksijen and Ekonomim +3: Diken, Gazete Oksijen and Ekonomim

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