The head of the Istanbul Chamber of Commerce (İTO) has welcomed changes to the Central Bank’s foreign exchange conversion support scheme while calling for the removal of a rule requiring exporters to sell 35 percent of their export proceeds. The Central Bank amendment, published in the Official Gazette on Aug. 1, removes a requirement that firms seeking conversion support pledge not to purchase foreign currency for one month. İTO President Şekib…
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Istanbul Chamber of Commerce President Avdagiç stated that they welcomed the Central Bank's new regulation regarding foreign exchange conversion support.