While the Turkish economy is in a bad time, a notice was shocked everyone... The Treasury and the Ministry of Finance made a exchange gesture for Turkish banks!
The Ministry of Treasury and the Ministry of Finance published in the Official Gazette of September 4, with the exporters of 80 percent of the export price in foreign currency to sell to the bank in the currency crisis, while the country has opened a new gate of earnings.
In the Communiqué published in the Official Gazette, the application was brought back to the table 10 years ago. Turkey containing 32 numbered decision to change the relationship to preserve the value of money and six months during the introduction to the bank directly and mediating delay exports of costs relating to export transactions carried out by residents in Turkey with the notification will be effective and that the cost of were obliged to sell to a bank of 80 percent.
The communiqué will bring new gains to banks, while the exporters will lose twice. Before due to the regulations, which will translate into TL exporter bring the money to Turkey, the wolf will live daily losses when performing a cost to the process below. The other loss would be to buy foreign currency again if it needs to make imports for production. The difference between buying and selling will be the profit of the bank.
The provisions contained in the communiqué said that "costs related to the export transactions carried out by persons resident in Turkey, which mediates the subsequent payments directly and without delay to the importer's export is transferred to the bank or brought. The period of bringing the fees to the country shall not exceed 180 days from the date of the actual issue. At least 80% of these prices are required to be sold to a bank.