New Regulation on Credit Usage

The Banking Regulation and Supervision Agency (BRSA) has removed the foreign currency asset limit for Turkish Lira credit usage by independent audited companies. The BRSA has implemented regulations regarding Turkish Lira credit usage for independent audited companies. Previously, companies subject to independent auditing were restricted from receiving Turkish Lira credit if their foreign currency assets exceeded specified limits. When companies exceeded these thresholds and still took out credit, their credit usage was blocked, and sanctions were imposed. With the new decision, Turkish Lira credit will be provided to independent audited companies without considering their foreign currency asset position.