Global Trade Alert
Global Trade Alert

Turkiye: The government for the first time introduces disclosure and audit obligations for foreign currency loans with a monetary value of over USD 15 million

Announcement

17 Feb 2018

The government of Turkiye on 17 February 2018 for the first time established that entities that have foreign currency loans amounting more than USD 15 million must disclose related information on these loans to the Turkish Central Bank as well as be subjected to corresponding auditing processes. 

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Number of interventions

1

0 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

17 Feb 2018

Revocation date:

No revocation date

Updated: 17 Feb 2018
Controls on credit operations In force

Effective from 17 February 2018, the government of Türkiye established that all entities residing in Türkiye that have foreign currency loans amounting to a sum exceedi...

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