Postponement of foreign exchange reporting obligations from the Central Bank

The Central Bank of the Republic of Turkey (CBRT) has postponed the foreign exchange reporting obligation of companies using loans over TL 50 million until 2024. The Central Bank of the Republic of Turkey (CBRT) has made changes to the scope and duration of the Summary Foreign Exchange Position Reporting. As a result of additional evaluations regarding the reporting process, the reporting obligation has been postponed for all companies included in the scope, including companies with a loan balance of TL 50 million and above, starting in the January 2024 reporting period.