WorldAuthorization of the Ministry to determine "transaction limits for identity presentation" in...

Authorization of the Ministry to determine “transaction limits for identity presentation” in foreign currency

The Communiqué Amending the Communiqué on the Decree No. 32 Concerning the Protection of the Value of the Turkish Currency entered into force after being published in the repeated issue of the Official Gazette.

Accordingly, the Ministry will be authorized to take all kinds of measures it deems necessary to ensure the implementation of the communiqué, to evaluate force majeure or mandatory conditions, to determine “transaction limits for identity submission”, to resolve hesitant matters, and to examine and conclude special cases other than those stipulated in the communiqué.

In the statement made by the Ministry on the subject, it was mentioned that the limit of presentation of ID in trading transactions in foreign exchange offices was re-determined as over 100 dollars and its equivalent is Turkish lira. “This expression expresses an authorization to increase or decrease the limit of 100 dollars. Foreign exchange trading takes place freely between buyers and sellers in the market. There is absolutely no interference of the regulation in the free market.” statements were made.

On the Anadolu Agency website, news presented to subscribers via the AA News Flow System (HAS) is published in summary. ..