New step from BDDK to support financial stability: Exchange rates are on the decline
The BDDK decided to take coordinated macro steps for the effective functioning of the credit system. After the decision, the dollar rate fell below 17 TL, while the pound fell below 20 TL...
The Republic of Turkey Banking Regulation and Supervision Agency (BDDK) has decided to take coordinated macroprudential steps to strengthen financial stability, use resources more efficiently and operate the credit system effectively.
Following the decision, the following statements were made by the BDDK:
It has been decided to make this evaluation on the consolidated balance sheets for companies that are obliged to prepare consolidated financial statements within the framework of accounting and financial reporting standards published by the Public Oversight, Accounting and Auditing Standards Authority.
As an exception to this rule, the independent audit, authorized by the Public Oversight, Accounting and Auditing Standards Authority, determines that these companies have a foreign currency net position gap within 3 months from the date of their loan application to the bank, and it is limited to companies that cannot use foreign currency loans in accordance with the relevant legislation. It has been decided that these companies will be able to use only cash Commercial Loans in TL for 3 months following the application date, to be determined by the institutions according to the examination to be made on. declare that they have applied to the bank with their latest financial statements and documents approved by these institutions.
LAST EXCHANGE: STERLIN UNDER 20 TL
The US dollar, which fell below 17 TL after the said decision of the BDDK, is traded at 16.20 TL as of 08.20.
On the other hand, while the Euro is being pulled down to 17.20, the British Pound, which is frequently used in real estate and vehicle purchases and sales in our country, has fallen below 20 TL and is traded at 19.95 TL.