“The communiqué on the Determination of Interest Rates to be Applied in Rediscount and Advance Transactions was published in the Official Gazette dated 01.11.2023.
According to this communiqué;
- The annual 30.75 percent discount interest rate to be applied in rediscount transactions against bills with a maximum of 3 months remaining until maturity has been determined as 35.75 percent,
- The annual 31.75 percent interest rate to be applied in advance transactions has been determined as 36.75 percent.
These determined rates entered into force on the date of publication of the circular.
You can access the full text of the decision at https://www.resmigazete.gov.tr/eskiler/2023/11/20231101-3.pdf”