From 1 October 2026 the Central Bank of Türkiye is changing the rules of its support for companies that sell foreign-currency revenue earned abroad and convert it into lira. The implementing instruction for the communiqué amended in August has been published. The key changes: the commitment not to buy foreign currency is abolished, a 10% FX position threshold is introduced, and the volume of FX sales eligible for support is now tied to the value added the company creates.
What the mechanism is
The support has operated since January 2023: a company selling foreign currency earned abroad through its bank receives a payment from the central bank equal to a set percentage of the lira amount (2% at launch). The central bank's aim is to encourage conversion of export revenue and strengthen reserves.
What changes on 1 October
The no-FX-purchase commitment is abolished. Previously, to receive support, a company undertook not to buy foreign currency for a month. For exporters with FX costs (raw material imports, FX loans) that was a serious constraint.
An FX position threshold replaces it. The ratio of the company's liquid FX assets to the higher of net sales or total assets must not exceed 10%. A company above the threshold receives no support. The position must be evidenced by a form signed by a certified accountant (SMMM or YMM), and the form is valid for only 15 days, so for regular sales it will need renewing.
Supported FX volume is tied to value added. A company's annual sales limit equals its annual operating profit as reported to the tax authority plus 12 months of labour costs as recorded by the social security institution (SGK). The limit is recalculated in January and July. A separate cap applies to the support itself: no more than 100 million lira per company per year.
Transition period to year-end. From 1 October to 31 December 2026, both the sales limit and the support cap apply with a 0.25 coefficient, meaning maximum support for the period is 25 million lira. Sales and support before 1 October do not count toward the new limit.
Suppliers to exporters can claim directly. Where goods are exported through an intermediary, the supplier can receive support itself, within its own limits and its own FX position. The lira equivalent goes to the intermediary, while the support payment goes directly to the supplier.
Banks may charge a commission. Intermediary banks may retain up to 1% of the support amount, and their control obligations have been strengthened.
The key practical takeaway: reporting discipline now has a cash value
The limit formula changes what tax and social security reporting means. The limit is built from the profit the tax authority sees and the payroll SGK sees. Anything that bypasses those two systems does not count. A company paying part of its staff off the books, or understating profit, now not only risks reassessment but directly loses support. For an exporter with thin margins and a small official headcount, the limit can turn out surprisingly small.
What to do before and after 1 October
Calculate your FX position: if liquid FX in your accounts exceeds 10% of the higher of net sales or total assets, you will not receive support until the position is brought within the threshold.
Estimate your limit: operating profit plus annual payroll as recorded by SGK. For Q4 2026, multiply by 0.25.
Build the process: the FX position form is valid for 15 days, so its renewal needs to be built into your FX sales schedule together with your accountant.
If you supply goods to an intermediary exporter, check whether you can now claim support directly.
Exporting and selling FX revenue? We will calculate your FX position and limit under the new formula and set up the process so support is not lost to formalities. Contact us.