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Which Date Is Taken Into Consideration To Determine The Exchange Rate For The Bank Receipts Presented To Evidence Payment?

Which Date Is Taken Into Consideration To Determine The Exchange Rate For The Bank Receipts Presented To Evidence Payment?

If the bank receipt is paid in Turkish Lira, the USD equivalent of the value in the bank receipt is calculated using the Central Bank of the Republic of Turkey’s effective sale rate on the last business day preceding the payment date.

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Yavuz Akagün

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