TOURISTIC ACCOMMODATION SERVICE CONTRACTS ARE ALLOWED TO BE DRAFTED WITH FOREIGN CURRENCY

On 30 January 2021, the Communiqué Amending the Decree No.32 on the Protection of the Value of Turkish Currency (Communiqué No: 2008-32 / 34) was published:

As is known, on 28.02.2008, The Decision No. 32 on the Protection of the Value of Turkish Currency was published in the Official Gazette with the number 26801. With this decision, it was decided that residents in Turkey would not be able to conclude among themselves; except for some exceptional situations,  service contracts including contracts for consultancy, intermediation and transportation, with the contract price and other payment obligations arising from these contracts in foreign currency or intexed to foreign currency. 

Along with the Communiqué on the Amendment of the Decree No. 32 on the Protection of the Value of Turkish Currency No. 2021-32 / 59 (Communiqué No: 2008-32 / 34); a new paragraph has been added to the section titled “Contracts in Foreign Currency and Indexed to Foreign Currency ” of the Communiqué numbered 2008-32 / 34. With this addition, as of 30.01.2021, accommodation service contracts concluded by residents of Turkey in accommodation facilities certified by the Ministry of Culture and Tourism have been allowed to set their contract prices and other payment obligations arising from these contracts in foreign currency or indexed to foreign currency.

Dilek Akın Oğuz, Attorney At Law

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