Saturday, April 27, 2024

The Turkish lira has seen significant improvement since the end of the Financial Regulatory and Oversight Agency.

Date:

The Turkish lira has seen significant improvement since the end of the Financial Regulatory and Oversight Agency.

The Turkish lira has seen significant improvement since the end of the Financial Regulatory and Oversight Agency.



The Turkish lira saw significant improvement against the dollar, reaching 16.56 lira against the dollar today, Friday.

This came after the Turkish Financial Regulatory and Oversight Agency approved a new regulation regulating the disbursement of business loans in the Turkish lira.

Companies with cash assets in foreign currencies not exceeding 15 million Turkish lira, as of the date of loan application, are required by an independent audit firm to determine their current foreign currency assets, total assets and net sales income for the previous year. According to the latest financial statements.

Ensure that the Turkish lira equivalent to their monetary assets does not exceed 15 million Turkish lira, and ensure that the notice and commitment are under the control of the Bank within every first 10 working days. Month, according to the previous month’s final budget, they have been excluded from this request. If you have current value for the last 12 months, Corporate Foreign Currency Assets and Total Assets.

Turkey: The EU is a clear example of total hypocrisy

See also  Ajman Bank has signed a Memorandum of Understanding (MoU) with Emirates Development
Nadia Barnett
Nadia Barnett
"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

Share post:

Popular

More like this
Related

Unlocking the Power of Booking Engines in the Hospitality Industry

In an era dominated by technology, the hospitality industry...

Boost Your Sales with Perfect Banner Printing Services in Dubai

In the fast-paced world of business, effective advertising is...

Defend Against DDoS Attacks with Qrator Labs’ Anti-DDoS Solutions

Protecting your online assets from DDoS (Distributed Denial of...

UAE Powering Gaming Boom in the Middle East

The gaming industry in the Middle East is experiencing...