Central Bank Announces New Rules for Foreign Exchange Conversion Support
Important changes have been made to the support mechanism that encourages companies to convert their foreign-sourced foreign exchange revenues into Turkish liras.
According to an analysis published on the Central Bank of the Republic of Turkey's blog, a new era is beginning as of October 1, 2026, in the foreign exchange conversion support, which encourages companies to convert their foreign-sourced foreign exchange revenues into Turkish liras.
Purpose and Scope of the Support
In the analysis published on the Central Bank of the Republic of Turkey blog, the content and potential effects of the mechanism implemented to encourage companies to convert their foreign-sourced foreign exchange revenues into Turkish liras and to strengthen the CBRT reserves were examined in detail.
Authors and Objectives
In the article titled "New Era in Foreign Exchange Conversion Support" written by Barış Aydoğan, Merve Demirbaş Özbekler, Mehmet Serdar Şarbak, and Sümeyra Korkmaz, it was emphasized that the aim is to make the contribution of the support to CBRT reserves more permanent.
Implementation Data
It was stated that foreign exchange conversion support has been provided to approximately 44,000 companies since the implementation started in 2023, and the share of companies benefiting from this support among total exporter companies reached 34 percent in 2026.
Details of the New Regulations
The changes that will enter into force on October 1, 2026, are gathered under three main headings. Within this scope, the commitment not to buy foreign exchange was lifted and replaced by a new foreign exchange position ratio condition, and the terms were reorganized.