Gold imports will not be made with cash on delivery payment method.

Unprocessed gold imports with a Customs Declaration registration date of February 15, 2023 and later cannot be made with the cash against goods payment method. Borsa İstanbul AŞ Precious Metals and Precious Stones Market Operational Directorate made a statement about gold imports made with the cash against goods payment method. In the statement, it was reminded that, in accordance with the article 7, paragraph (a) and the first paragraph of article 20 of the Decree No. 32 on the Protection of the Value of the Turkish Currency, the first paragraph of article 24 of the Regulation on the Operating Principles of Precious Metals Exchange Intermediary Institutions and the Establishment of Precious Metals Intermediary Institutions, and the fifth paragraph of article 6 of the Communiqué on the Decree No. 32 on the Protection of the Value of the Turkish Currency (Communiqué No: 2008-32/34), the Ministry of Treasury and Finance deemed it appropriate not to import unprocessed gold using the cash on delivery method until a second decision of the Ministry on and after 15.02.2023 (taking the Customs Declaration registration date as basis). The statement continued as follows: "Within this framework, unprocessed gold imports with a Customs Declaration registration date of 15.02.2023 and later cannot be made with the cash against goods payment method. Unprocessed gold imports with a Customs Declaration registration date before the specified date can be delivered to the Stock Exchange storage vault within the periods specified in the relevant legislation and the Precious Metals and Precious Stones Market Procedure. Even if the Stock Exchange has previously given approval within the scope of the Annex-3 Borsa Istanbul Pre-Import Notification Form (Annex-3 Form) specified in the said Procedure, unprocessed gold imports with a Customs Declaration registration date of 15.02.2023 and later cannot be made with the cash against goods payment method. On the other hand, members who declared that they will import with the cash against goods payment method within the scope of the Annex-3 Form before this Announcement, if they want to change the payment method to cash payment and carry out the import in this way, can contact the Precious Metals and Precious Stones Operation Directorate. They will be able to make changes to the relevant form. If unprocessed gold is brought to the Stock Exchange safe deposit box within the scope of an import that does not meet the conditions specified above, the return to origin procedure will be applied. In addition, as of this Announcement, new applications with cash on delivery payment method within the scope of Annex-3 Form will not be accepted by our Stock Exchange.