The Communiqué on Determination of Interest Rates to be Applied in Rediscount and Advance Transactions has been published in the Official Gazette dated 01.09.2023.
According to the Communiqué:
- The annual discount interest rate of 15.75 percent to be applied to rediscount transactions to be made against bills with a maximum of 3 months to maturity has been re-determined as 25.75 percent.
- The annual interest rate of 16.75 percent to be applied in advance transactions has been re-determined as 26.75 percent.
These rates have entered into force on the publishing date of the Communiqué. You can access the relevant Communiqué at https://www.resmigazete.gov.tr/eskiler/2023/09/20230901-7.pdf