Central Bank the Republic of Turkey Sets Default Interest Rate
With the Communiqué published by the Turkish Central Bank the Republic of Turkey in the Official Gazette dated 02.01.2022 and numbered 31707, the default interest rate and the minimum compensatory amount to be applied in late payments is determined. Trade lawyers in #Turkey provide information. (https://www.resmigazete.gov.tr/eskiler/2022/01/20220102-6.pdf) According to the Communiqué, the annual default interest rate is 17,25…