After the statement made by the BRSA (Banking Regulation and Supervision Agency) in the evening today, Dollar and Euro started to decline. After the newly introduced condition, some criteria will have to be complied with in the use of commercial credit.
What is the commercial loan usage condition brought by the BRSA?
With the commercial loan usage condition introduced by the BRSA, companies whose foreign currency assets are no longer than 15 million TL will have to keep these assets in a way that does not exceed 15 million TL after using the loan.
In other words, if the company has a foreign currency asset of less than 15 million TL before taking out a loan, it will have to keep its foreign currency asset below 15 million TL after taking out a loan. Therefore, regardless of the amount, they will not be able to convert the loan drawn from banks into different currencies such as Dollars and Euros as they wish.
His sentence was revoked: Intel asks EU for $625 million
Intel said it sought $625 million in damages after the fine was rescinded. The EU, on the other hand, wants to re-implement the sentence.
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