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Turkey's Central Bank revises foreign‑exchange conversion support rules
The Central Bank of the Republic of Turkey (TCMB) issued a new regulation, effective 1 October 2026, that ties foreign‑exchange conversion support to firms’ added value and removes the previous foreign‑exchange non‑acquisition pledge. The “no‑FX purchase” commitment was eliminated and a limit on firms’ FX positions was introduced. The support payment rate was set at 3 % and the export‑sale obligation at 35 %, both extended until 31 January 2027, while banks’ intermediation functions were strengthened.
TCMB also approved the Crypto Asset Central Registry System (KVMKS) for the Central Securities Depository (MKK), enabling a dedicated registry for crypto assets.
In its Q1 2026 financial‑accounts report, TCMB reported domestic‑sector assets of 232 trillion lira and liabilities of 248 trillion lira, a net‑financial‑position gap of 23.2 % of GDP and net borrowing equal to 10.2 % of GDP. Net financial transactions amounted to 10.2 % of GDP.
Weekly reserve data for the week of 24 July 2026 showed total reserves of $162.6 billion, with gold reserves surpassing $100 billion and foreign‑exchange reserves falling to $54.7 billion. Net reserves stood at $51.1 billion.
Entities
BIST 100 · BIST 100 index · Central Bank of the Republic of Turkey · Crypto Asset Central Registry System (KVMKS) · Foreign investors · Foreign‑exchange conversion support · Foreign‑exchange reserves · Gold Reserve · Gold reserves · Household sector · International Monetary Fund · Merkez Kayıt Kuruluşu A.Ş. (MKK)
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Energy price increases are a key driver of the inflation outlook according to TCMB. www.tv5.com.tr
- [● 2 SOURCES] TCMB expects a temporary rise in the core inflation trend in July. www.tv5.com.tr
- [● 3 SOURCES] Total reserves increased to $162.6 billion, a 1.3 % weekly rise. www.aksam.com.tr · www.bursahakimiyet.com.tr
- [○ 1 SOURCE] Foreign investors bought $38.9 million of Turkish equities and $805.5 million of bonds in the week of 24 July.
- [○ 1 SOURCE] TCMB kept the policy interest rate at 37% in July.
- [○ 1 SOURCE] The BIST 100 index fell about 1% to 13,357 points on 30 July.
- [● 3 SOURCES] Net reserve assets amounted to $51.1 billion. www.aksam.com.tr · www.bursahakimiyet.com.tr
- [○ 1 SOURCE] TCMB warned that geopolitical risks are pushing energy prices up, creating upward inflation risks.
- [● 7 SOURCES] The net financial‑position gap reached 23.2 % of GDP, up 0.7 percentage points from the previous quarter. haber.doviz.com · www.tv5.com.tr · www.bursahakimiyet.com.tr · finans.mynet.com
- [● 7 SOURCES] Total credit‑ and debt‑securities amounted to 94 % of GDP in Q1 2026. haber.doviz.com · www.tv5.com.tr · www.bursahakimiyet.com.tr · finans.mynet.com
- [● 7 SOURCES] Domestic sectors' total financial assets were 232 trillion lira in Q1 2026. haber.doviz.com · www.tv5.com.tr · www.bursahakimiyet.com.tr · finans.mynet.com
- [● 7 SOURCES] Domestic sectors' total financial liabilities were 248 trillion lira in Q1 2026. haber.doviz.com · www.tv5.com.tr · www.bursahakimiyet.com.tr · finans.mynet.com