No Identity Statement Required for Transactions Up to $100

With a decision they took in October, the authorities required the identity of citizens who wanted to exchange dollars. presentation them to they made it mandatory. According to the decision published in the Official Gazette, all citizens who went to exchange offices were to comply with this practice. But now, a new decision on the subject has come out. The state changed its decision last month. The said change Official newspaperFeatured in today’s issue of .

The new regulation made by the Ministry of Treasury and Finance regulates the conditions of the ID submission process. he stretched. Accordingly, ID submission application for transactions under $100 removed. The application, which drew a reaction when it entered into force last month, has been changed with the new decision.

Here is that decision in the Official Gazette

To be frank, the decision taken last month to worry had caused. Citizens, who were too busy with foreign exchange, were worried about this decision. The decision taken, on the other hand, stretched the practice that was widely discussed at that time. But this time, a different question mark appeared. What if an individual who wants to avoid ID proof completes the $99 transaction multiple times?

The regulation, which came into force after being published in the Official Gazette, contains the following statements:

…in the sixth paragraph of Article 20 “in all transactionsThe phrase ” has been changed to “For transactions exceeding USD 100 and/or equivalent Turkish Lira”.