CBRT: Total Interest Cost Reduced on Rediscount Credits for Exports and Foreign Currency-Earning Services

Forex - The total interest cost on rediscount loans for export and foreign currency generating services has been reduced. According to a statement made by the Central Bank of the Republic of Turkey (CBRT), a change has been made in the calculation of the discount rate for rediscount loans for export and foreign currency generating services, whereby a specific percentage of the policy interest rate will be taken into account. In this context, the current total interest cost of rediscount loans will be applied at 29.93%.