Tag: Turkey

Cash repatriation from Turkey

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… Continue Reading “Cash repatriation from Turkey”

Treasury & FX in Turkey

Key Takeaways A number of participants have local distribution but import products from outside Turkey, this creates a mismatch between sourcing in EUR/USD and sale in TRY causing currency exposure. Local financing is becoming very expensive, some companies are focusing on reducing local borrowing/debt… Continue Reading “Treasury & FX in Turkey”