The Ministry of Treasury and Finance set USD, EUR, and GBP rates for valuing foreign currency receivables and debts, effective 31 December 2025, under General Communiqué No. 590.
The Turkish Ministry of Treasury and Finance announced the exchange rates to be used for valuing foreign currency-denominated receivables and debts as of 31 December 2025.
The rates are outlined in General Communiqué No. 590 on the Tax Procedure Law, published in the Official Gazette on 24 January 2026.
| Currency | Most Used Rate (TRY) | Most Used Effective Rate (TRY) |
| USD 1 | 42.8623 | 42.8323 |
| GBP 1 | 57.8159 | 57.7755 |
| EUR 1 | 50.4532 | 50.4179 |
The Communiqué applies to the valuation of foreign currencies without a stock market quotation, including receivables and payables, whether or not promissory notes are involved. If the Ministry does not announce rates for a valuation date, the Central Bank of the Republic of Turkey’s rates are to be used.
For cash foreign currencies, the effective buying rate applies; for non-cash foreign currencies, the buying rate is used. Banks performing valuations for tax purposes must apply the rates they determine according to Central Bank principles.
The Communiqué entered into force on the date of its publication, and its provisions are executed by the Minister of Treasury and Finance.
