The Institutions Where Transactions Will Be Conducted in Foreign Financial Markets Will Be Determined by the Capital Markets Board
The Communiqué Amending the Communiqué No. 2008-32/34 on the Decree No. 32 on the Protection of the Value of the Turkish Currency (“Communiqué No. 2025-32/75”) (“Communiqué”), prepared by the Ministry of Treasury and Finance (“Ministry”), was published in the Official Gazette dated 28 March 2025 and numbered 32855.
The main amendments introduced by the Communiqué are summarized below:
- The amount of TRY 25,000 that a passenger was allowed to carry has been increased to TRY185,000; in cases where this amount is exceeded, a declaration must be made to the customs authorities using the cash declaration form issued by the Ministry of Commerce.
- Securities, derivative instruments and futures transactions traded in financial markets abroad can only be executed through banks and intermediary institutions authorized by the Capital Markets Board (“CMB”), provided that the transfers are only made through banks.
- Trading transactions of Turkish residents regarding leveraged transactions and similar derivative instruments can only be conducted through institutions authorized by the CMB. In this scope, unauthorized persons are prohibited from intermediating such transactions or transferring funds abroad in relation to such transactions.
Additionally, the Communiqué on the Amendment to the Communiqué (Communiqué No: 2025-32/74) Regarding the Decree No. 32 on the Protection of the Value of Turkish Currency, published by the Ministry in the Official Gazette of the same date, has been issued; under which “palladium” has been included among the regulated precious metals.
