Announcement of TL-Settled Foreign Exchange Sales by the Central Bank

The Central Bank of the Republic of Turkey took a step that concerns importers and exporters affected by the fluctuations in exchange rates. Central Bank, to those operating in these areas negotiated forward foreign exchange sale announced that it will.

Announcing the TL-settled forward foreign exchange sale to exporters and importers through tenders, the CBRT, the calendar of when the sales auctions will be awarded. announced that it will be published in the future.

The aim is to manage the currency risk:

Making statements after the Cabinet Meeting yesterday, President Erdoğan announced that the exchange difference would be paid to TL depositors. In the statement from the CBRT today, the following statements were used in connection with the subject:

For exporting and importing companies in order to manage exchange rate risk., TL-settled forward foreign exchange sales will be realized through auctions at our Bank and in the Borsa Istanbul Futures and Options Market (VIOP). 1 and 3 month term The calendar for the TL-settled forward foreign exchange selling auctions to be held as a joint venture will be shared with the public, and companies will be able to participate in these auctions through banks. In addition, exporter and importer companies will be able to forward their forward foreign exchange purchase requests to be made at VIOP to the Foreign Exchange Markets Department through banks. It is made available to the public.