Support for the conversion process to Turkish Lira deposit and participation accounts continues. Those who have a foreign currency deposit account and a participation fund account in foreign currency at the bank will be able to convert their accounts to Turkish Lira if they wish.
Within the scope of the Currency Protected Deposit Account, resident natural and legal persons will be able to convert their foreign currency deposit accounts in dollars, euros and British pounds and their participation fund accounts in foreign currency held in banks between 31 December 2021 and 30 June 2023.
The conversion to Turkish lira will be made at the request of the account holders and at the conversion rate.
In case the maturity rate is higher than the conversion rate, the calculated amount will be transferred to the relevant bank to be paid to the deposit or participation account holder by the Central Bank.
The relevant communiqué of the Central Bank was published in the Official Gazette.
Source: Trthaber / Prepared by Irem Yildiz