Exchange Offices Shut Down: Here’s Why

A regulation of the Ministry of Treasury and Finance in the Official Gazette dated October 12, in exchange offices started a new era. According to this regulation, exchange offices were obliged to have larger capitals than before. In addition, it was decided to determine the identity of citizens who want to exchange foreign currency. That’s the decision today. big action caused.

Exchange offices protesting the regulation, today at as of 11:45 they closed the shutters. Almost all offices participated in the action held in 81 provinces of Turkey. for 30 minutes Exchange offices, which remained closed, did not take any action during this process. In the statements made by Turkey Authorized Institutions Platform, “All exchange offices in Turkey to the unlawful against shutter is lowering.” expressions were used.

Appeal to the court to withdraw the regulation

Ulaş Çabuk, one of the representatives of the Turkey Authorized Institutions Platform; “We demand that the regulation be reconsidered. We will have objections in this direction. decision to suspend execution We will try to take it. The sector is considering filing a lawsuit at the Council of State to stop the execution in unity. We have been completely ignored as an industry. Our opinions could be taken for this arrangement. This regulation will bring the end of authorized institutions in Turkey. If execution is not stopped I I will have to close my company at the end of 2022.” said.

Adil Yazıcı, one of the founding partners of the platform, spoke as follows in his previous statements:

“We are also going legal ways.. We have also made preparations for an application to the Council of State for a stay of execution decision. In addition, exchange office owners apply to CIMER with petitions stating that the regulation is incorrect. with the competent authorities We are also working to keep in touch.”