Article
The ban on foreign currency payments in movable sales contracts has been lifted
On March 6, 2025, the Communiqué (No: 2025-32/72) on the amendment to the Communiqué regarding decree No. 32 on the protection of the value of Turkish currency (Communiqué No: 2008-32/34), published in the Official Gazette No. 32833, lifted the ban on foreign currency payments in movable sales contracts concluded between residents in Türkiye.
The amendment
According to the previous regulation, it was possible for residents in Türkiye to agree on the contract price and other payment obligations arising from movable sales contracts, excluding vehicle sales contracts, in foreign currency or indexed to foreign currency. However, with the amendment made in 2022, it was mandatory to fulfil and accept payment obligations related to these contracts in Turkish currency, with limited exceptions.
It was already possible for residents in Türkiye to agree on the contract price and other payment obligations arising from movable sales contracts, excluding vehicle sales contracts, in foreign currency or indexed to foreign currency before the amendment; there is no change in this regard. However, with this amendment, the obligation to make payments in Turkish currency, as stipulated in the previous regulation, has been lifted, and it is now possible to make and accept payments in foreign currency for the contract price and other payment obligations.