Why Can the Price of Export-Registered Sales Be Collected in Dollars?

Why Can the Price of Export-Registered Sales Be Collected in Dollars?
In recent times, the question of whether the price of export-registered sales can be collected in foreign currency has become more common. The main reason is the regulatory change in the legislation on the Protection of the Value of Turkish Currency, which has expanded the possibility of foreign currency payments in certain contracts.
Legal Basis for Foreign Currency Collection
With the amendment to Communiqué No. 2008-32/34 regarding Decision No. 32 on the Protection of the Value of Turkish Currency, for movable property sales contracts concluded between residents in Türkiye (excluding vehicle sales contracts):

• The contract price may be determined in foreign currency.
• Other payment obligations arising from the contract may also be agreed in foreign currency or indexed to foreign currency.

Within this scope, manufacturers making export-registered sales may collect the sales price in U.S. dollars (USD).
Which Products Can Be Collected in Dollars?
In practice, many export-registered movable sales fall under this scope. Examples include:
•    Export-registered carpet sales
•    Export-registered yarn sales
•    Export-registered vegetable oil sales
•    Export-registered machinery sales
•    Export-registered iron sales
•    Export-registered furniture, packaging, fertilizer, tomato paste, and similar product sales
For these sales, invoices, checks, and bank transfers may be denominated in foreign currency.
Which Sales Require Caution?
Certain transactions may still face restrictions on foreign currency payments. Particularly in vehicle sales and real estate sales, different rules apply regarding payment methods. Therefore, the type of contract and subject matter must always be checked.
Conclusion
In summary, since foreign currency contracts and collections are now permitted in movable property sales contracts (excluding vehicle sales), firms making export-registered sales may collect the sales price in dollars. To avoid risks in practice, it is essential that the contract content and payment method are arranged in compliance with the legislation.