Establishing a Financial Institution in Turkey 2019

Establishing a Financial Institution in Turkey

In the last 12 months, protection measures have been taken to protect Turkish financial markets from the significant volatility of Turkish currency. The most critical measure taken introduced a set of new restrictions concerning foreign exchange borrowings. The foreign exchange legislation was substantially amended, effective 2 May 2018, concerning borrowings made by Turkish residents in foreign exchange currencies.

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This article was first published in the PLC “Establishing a Financial Institution in Turkey 2019″ and is reproduced with the permission of the publisher, Thomson Reuters.