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CBRT Rebuffs Exporter Demands for FX Guarantees on 25% Revenue Conversion Rule

TURKEY
  • CBRT Ignores Exporters' Requests for Exchange Rate Guarantees for the 25% of FX Revenue Required to be Deposited at the Central Bank
  • According to the information given by the exporters, CBRT Chair Kavcıoğlu emphasized that they do not expect large volatility in the exchange rate from now on and that the TL will follow a stable course and that exporters do not need to worry (RE FX guarantees).
  • LINK: https://www.dunya.com/finans/haberler/ihracatcilar...
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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