The Central Bank has redefined the discount interest rate to be applied in rediscount transactions on promissory notes with a maturity of at least 3 months. The annual discount interest rate to be applied in rediscount transactions against promissory notes with at least 3 months remaining maturity was determined as 43.25%, while the annual interest rate to be applied in advance transactions was set at 44.25%. Previously, the discount interest rate in rediscount transactions was 48.25% annually, and the advance transaction interest rate was 49.25% annually. The new rates have been published in the Official Gazette and are now in effect.