The amendments made by the Central Bank of the Republic of Turkey (CBRT) to the Communiqué on Supporting the Conversion of Turkish Lira Deposit and Participation Accounts and the Communiqué on Supporting the Conversion of Gold Accounts to Turkish Lira Deposit and Participation Accounts were published in the Official Gazette.
Accordingly, within the scope of the Currency Protected Deposit Account (CCD), resident real persons and resident legal entities will be able to convert their foreign exchange deposit accounts and foreign exchange participation fund accounts in dollars, euros and British pounds into TL as of 31 August 2024.
The gold accounts of domestically resident real persons as of August 31, 2024 and of domestically resident legal persons as of December 31, 2021 can be converted into TL at the conversion price upon request of the account holder.
Conversions to TL will be made upon the request of account holders and at the conversion rate.
