Press Release on TL Settled Currency Forward Sales to Importing and Exporting Companies (2021-61)

Press Release on TL Settled Currency Forward Sales to Importing and Exporting Companies

December 21, 2021

No: 2021-61

In order to help exporting and importing companies to manage currency risk, forward sales of currencies settled in TL will be made to the CBRT via auctions and to the BIST Derivatives Market (VIOP).

Forward exchange auctions settled in TL will take place with maturities of 1 month and 3 months. The auction schedule will be announced at a later date and businesses will be able to participate in the auction through banks.

In addition, importing and exporting companies will be able to submit their requests for forward currency purchases to the Foreign Exchange Division through banks.

Contact

For more information, you can send an email to [email protected]

Türkiye Cumhuriyet Merkez Bankası

(Central Bank of the Republic of Turkey)

The head office

Haci Bayram Mahallesi

Istiklal Caddesi 10 06050 Ulus Altındağ / Ankara

+90 (312) 507 50 00

www.tcmb.gov.tr

Warning

Central Bank of the Republic of Turkey published this content on December 21, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on December 21, 2021 04:39:00 PM UTC.