Foreign currency loans can be paid in lira

The Central Bank launched a new measure aimed at stemming the rise in the foreign exchange rate and reducing the demand for currency. In a statement, the bank said, “Taking into account regulations within the scope of the Decree Law issued on January 23, 2017, exports and foreign exchange earning services, which were opened before January 1, 2017 and mature by May 31, 2017, may be repaid in lira, as long as they are paid by the due date.” The exchange buying rates set by the Central Bank on January 2 will be the basis for these transactions.