TURKEY FURTHER ENDORSES THE CONVERSION TO TURKISH LIRA BY ISSUING A NEW COMMUNIQUE ON COMPANIES’ FOREIGN FX INCOME:

Another step is taken by the CBRT to implement “Liraization” with a new Communique aiming to incentivize companies to convert their foreign Exchange obtained from abroad into Turkish lira accounts.

SWIFT AMENDMENTS TO THE E-MONEY REGULATIONS: MASSIVE HIKES IN REQUIREMENTS FOR INSTITUTIONS:

Long Awaited Regulations Introduced for E-Money and Payment Services:

New regulations concerning payment services have been introduced in Turkey, with the aim of aligning the provisions with the Payment Services Directive 2.

Turkey to Boost Islamic Finance with Advanced Customer Protection:

Two new regulations offer a more in-depth regulation for Islamic Finance departments of Turkish banks, aiming for customer protection and better transparency.