Bulletin Regarding Decree On Amendment Of Decree No. 2008/32-34 Regarding The Decision No.32 On The Protection Of The Value Of Turkish Currency
According to Decree on Amendment of Decree no. 2008/32-34 Regarding the Decision no.32 on the Protection of the Value of Turkish Currency (“Decree”), repealed article 8 of the Decree no. 2008/32-34 Regarding the Decision no.32 on the Protection of the Value of Turkish Currency has been reformulated along with its title.
In this regard, the following issues under the Decision Regarding Amendment of the Decision no. 32 on the Protection of the Value of the Turkish Lira Currency (“Decision”) have been determined: (i) in which agreements the amounts must be determined only in Turkish Lira, (ii) in which agreements the amounts may be determined in foreign currency or indexed to foreign currency and (iii) the method of conversion into Turkish Lira in respect of agreements, of which the amounts must be converted into Turkish Lira.