© Reuters. ISTANBUL (Reuters) - Turkey has exempted non-resident monetary establishments from paying

ISTANBUL (Reuters) – Turkey has exempted non-resident monetary establishments from paying a international forex buy tax, the nation’s Official Gazette stated on Saturday.
The Financial institution Insurance coverage and Transaction Tax (BSMV) was raised in Might to 1% from 0.2% in a transfer to discourage a so-called dollarization pattern amongst Turks shopping for {dollars} and different arduous currencies.
The presidential choice, revealed within the Gazette, takes rapid impact.
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