A new Communique amends prior law by eliminating an exception that had allowed Turkish residents, in specific situations, to obtain loans from abroad without utilizing Turkish banks as intermediaries. Due to a change in the law in Turkiye, Turkish residents must utilize intermediary Turkish banks whenever obtaining loans from abroad. This change became effective on 24 January 2025, when the "Communique (No: 2025-32/71) Amending the Communique (No: 2008-32/34) related to Decision no. 32 on the Protection of the Value of Turkish Currency" was published in the Official Gazette.BackgroundThe Turkish Council of Ministers rendered a Decision on 3 January 2018 amending Decision...