Turkey:
Turkey's Central Bank Updates Rediscount And Advance Interest Rates
10 December 2019
Moroglu Arseven
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Turkey's Central Bank has updated discount interest rates
for commercial papers with expiry periods of three months or
more.
The revised rates are 17.25% for rediscount transactions and
18.25% for advance transactions.
The interest rates were announced in Communiqué of the
Central Bank of the Turkish Republic, published in Official Gazette
number 30915 on 11 October 2019, entering into effect on the same
date.
Please see this link for the full text of the
Communiqué (only available in Turkish).
Information first published in the MA | Gazette, a fortnightly legal
update newsletter produced by Moroğlu Arseven.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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