35% Foreign Exchange Sale Requirement Extended Until April 30, 2026

35% Foreign Exchange Sale Requirement Extended Until April 30, 2026

The Central Bank of the Republic of Türkiye (CBRT) has once again extended the rule requiring a portion of export revenues to be sold to local banks. Under the new decision, from November 1, 2025, to April 30, 2026, exporters must sell at least 35% of their foreign currency earnings to the bank that issued the export proceeds certificate.

This extension was introduced through Temporary Article 4 added to the “Export Circular,” based on the Ministry of Treasury and Finance’s letter dated October 30, 2025. The rate, previously set at 25%, had already been temporarily increased and extended twice — first until July 31, 2025, and then to October 31, 2025. Now, the same 35% rule will remain in force until the end of April 2026.

Unless a new decision is issued, starting May 1, 2026, the mandatory sale rate will revert to 25%.

Why This Policy Matters

The main objective of this rule is to strengthen Türkiye’s foreign exchange reserves and support the stability of the Turkish Lira. For exporters, it means they cannot freely use all of their foreign currency income — 35% must be sold to the local bank, while the rest can be retained or used freely.

Exporters should therefore carefully plan their cash flow and currency management, ensuring full compliance with the regulation before the specified deadlines.

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