Recent Developments
The Communiqué Amending the Communiqué on Maximum Interest Rates Applicable to Credit Card Transactions (No. 2025/23) was published in the Official Gazette dated September 18, 2025 (No. 33021) and has officially entered into force.
What changes does the Amendment Communiqué bring?
Under this Amendment Communiqué, the additional margin added to the monthly reference rate when calculating the maximum contractual interest rate for Turkish lira-denominated cash withdrawals and cash advances via credit cards has been lowered from 164 basis points to 139 basis points.
In addition, it has been announced that the Central Bank of the Republic of Türkiye will publish the relevant monthly reference rates on September 24, 2025, and these new rates will be effective as of October 1, 2025.
Announcements & News
