Presidential Decree Amending the Decree No. 32 on the Protection of the Value of Turkish Currency and Communiqué on Amendments to the Communiqué (Communiqué No: 2008-32/34) Regarding the Decree No. 32 on the Protection of the Value of Turkish Currency Published

In relation to the payment methods applicable to the import of processed precious metals, the temporary restrictions imposed on the import of processed gold, and the extension of the regulatory authority of the Ministry of Treasury and Finance to cover not only unprocessed but also processed precious metals in terms of import payment methods, the Communiqué on Amendments to the Communiqué (Communiqué No: 2008-32/34) Regarding the Decree No. 32 on the Protection of the Value of Turkish Currency (Communiqué No: 2025-32/76) (“Communiqué”) and the Presidential Decree Amending the Decree No. 32 on the Protection of the Value of Turkish Currency (Decision No: 10039) (“Decision”) have been published in the Official Gazette dated 09.07.2025 and numbered 32951.

A summary of the amendments introduced under the Decision and the Communiqué is presented below for your information.

Processed Precious Metals Also Included Within the Scope of the Ministry of Treasury and Finance’s Regulatory Authority

With the Decision, the scope of the provision granting the Ministry of Treasury and Finance the authority to regulate the payment methods applicable to the import of precious metals has been expanded.

Previously, the Ministry was only authorized to regulate the import of unprocessed precious metals based on different payment methods. With the amendment, the Ministry is now also authorized to determine the payment methods applicable to the import of processed precious metals.

Payment Methods for the Import of Processed Precious Metals Have Been Expanded

The Communiqué introduces a new regulation regarding the payment methods applicable to the import of processed precious metals.

Within this scope, it is now possible to import processed precious metals through the following payment methods: cash in advance, cash against goods, deferred letter of credit, acceptance credit, cash against documents, and free of charge.

Temporary Restriction on Payment Methods for the Import of Processed Gold

Pursuant to the provisional article added to the Communiqué, a temporary restriction has been introduced on the payment methods applicable to the import of processed gold, effective until 31.12.2026. Under this temporary regulation, processed gold may only be imported through cash against goods, deferred letter of credit, and acceptance credit payment methods.

However, the import of processed gold through the free of charge payment method shall only be permitted in accordance with the procedures and principles to be determined by the Ministry of Treasury and Finance.

Furthermore, for processed gold whose payment was transferred abroad prior to the effective date of this regulation, it shall be possible to complete the related import transactions using all payment methods, provided that the customs declaration is registered within 60 days from the effective date.

Effective Date

The Decision and the Communiqué entered into force on its publication date, 09.07.2025.