Participants described their company’s current approach and recent experiences in repatriating cash to HQ from TURKEY and answered each others’ questions.
Cash Repatriation from Turkey
Call date: 17th Jun 2020
The call was chaired by Arnaud Francq, the key discussion details are below.
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Key areas of discussion
With the recent depreciation of TRY, accessing hard currency in Turkey is getting much more difficult. Regulations can change arbitrarily and are often unclear. Participants reported conflicting opinions from different banks and the same banks give different opinions to different people. It pays to get multiple opinions before making a decision. Participants rely on their local teams. In this discussion the topics covered included: