BRSA, which has been regulating consumer loans in recent weeks, has doubled the minimum payment amount for loans with a limit of more than 25,000 TL. had taken away† Under the same arrangement, the maturity limits were changed to 12 and 24 months.

The Banking and Supervision Agency (BDDK) has announced the new regulation they have prepared for loans for commercial use. After the announcement, the dollar against the Turkish lira about 80 cents lost value.

Restriction on Commercial Loans

According to the BRSI statement, the amount of foreign cash on the date that companies other than banks and financial institutions apply for a loan determines whether these companies receive loans or not. will be the most important decision† If the amount in gold and foreign currency of the applicant company exceeds 15 million TL and the cash amount exceeds 10% of the turnover of the past year, these companies will cannot use commercial credit†

Basically, companies that already have a lot of money and have made a lot of money in the past 1 year are applying for commercial loans. will not be found†

Immediately after this BRSA statement, the dollar exchange rate, which was 17.37, was first dropped to 16.54 and then rose again to 16.79.