The government considers the American dollar, euro and British pound as a corresponding currency, but you can make any foreign currency you want in this case, the government will consider the cross exchange rate with the USD.
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What corresponding foreign currencies are eligible to be used for CBI in Turkey?
I've heard that the new Turkish regulation states that the CBI amount must be in US dollars or in the corresponding foreign currency. Does this mean any foreign currency such as the Emirati dirham or Indian rupee are also eligible? or is this limited to just the euro and the pound?
Answers
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The specified amount can be in U.S. dollars or its equivalent in any foreign currency traded by the local banks in Turkey. There is no specific limitation on the subject in the legislation. However, the local banks may or may not receive and convert in different currencies other than common ones like the euro, American dollar or the British pound.
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