Recent Development The Central Bank of Turkey (“CBRT“) amended the Capital Movements Circular to clarify certain points and provide a new exception to the rules regarding the FX loan borrowings of Turkish subsidiaries of multinational companies. What Does the Amendment Say?
Conclusion The amendment provides a new exception for the utilization of FX loans and clarifies certain legislative points. |
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Legal Alerts
09/07/2018 09/06/2022
CBRT Introduces New Exception on Utilization of FX Loans
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