Turkiye amends regulation on utilization of foreign loans

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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 t…