An Additional Article Added to the Circular Dated 2008-Bila on Procedures and Principles Regarding the Repatriation of Export Proceeds

New Practice in Repatriation of Export Proceeds: 35% Mandatory Foreign Exchange Sale
By adding Provisional Article 2 to the Circular No. 2008 on the Repatriation of Export Proceeds, the Ministry of Treasury and Finance has introduced a new regulation. The practice, effective 5 May 2025 – 31 July 2025, requires exporters to sell a portion of their foreign exchange earnings.

• At least 35% of the export proceeds brought into Türkiye must be sold to the bank issuing the Export Proceeds Protection Account (İBKB) or Foreign Exchange Purchase Certificate (DAB).
• Banks will then sell this foreign currency to the Central Bank of the Republic of Türkiye (CBRT) at the official buying rate announced on the same day and transfer the amount to the CBRT account.
• The Turkish lira equivalent of the sold foreign currency will be paid to the exporter by the bank.
• Impact

This regulation ensures that a fixed share (35%) of exporters’ foreign exchange earnings is converted into TL through the Central Bank mechanism, directly influencing exporters’ cash flow and currency management strategies.