According to the Decree (Decree No. 2018-32/52) on Amendment of the Decree Regarding the Decision no.32 on the Protection of the Value of Turkish Currency (Decree No. 2008-32/34) (“Decree”), which has entered into force after being published at the Official Gazette dated 16.11.2018, article 8 of the Decree Regarding the Decision no.32 on the Protection of the Value of Turkish Currency (Decree No. 2008-32/34) has been reformulated along with its title. This table is related to the Decree and the former decree that was entered into force after being published at the Official Gazette dated 06.10.2018. You may find marked below the amendments.

In this regard, the following issues under the Decision Regarding Amendment of the Decision no. 32 on the Protection of the Value of the Turkish Lira Currency (“Decision”) have been determined: (i) in which agreements the amounts must be determined only in Turkish Lira, (ii) in which agreements the amounts may be determined in foreign currency or indexed to foreign currency and (iii) the method of conversion into Turkish Lira in respect of agreements, of which the amounts must be converted into Turkish Lira.