The monthly maximum and overdue to be to credit card in have been reduced to 2.02 and 2.52 , respectively, while the to be to credit card in US dollar and Euro are left unchanged.

With the No. 2013/11 on the Amendment to the No. 2006/1 on To Be To Credit Card , published in the No: 28765 dated 14 September 2013, the monthly maximum interest rate to be to credit card are set at 2.02 for the , 1.70 for the US dollar and 1.64 for the Euro, whereas the monthly overdue are set at 2.52 for the , 2.20 for the US dollar and 2.14 for the Euro, effective 1 October 2013.

As of 1 October 2013, the and overdue to be by banks to credit card will not exceed the above mentioned maximum rates. Banks are free to determine their rates at their own discretion that they are below the ceiling rates. The maximum and overdue , which will be valid for the 3-month period starting on 1 January 2014, will be by the prior to this date.

, as in other countries, set the credit card higher than the on consumer loans. Therefore, the Central Bank advises credit card holders to prefer consumer loans rather than personal credit cards to meet their short-term credit needs.

The on and Advances has been amended to extend the maturity of credits and to ease the collateral conditions for export credits while the overall limit for the said credits has been increased to 12 billion USD from 6 billion USD, of which 11 billion USD have been allocated to Türk Eximbank and 1 billion USD to other commercial banks.

In line with the increased overall limit for export credits, the credit line for Foreign Trade Capital Companies and other companies has been doubled, half of which will be allocated to credit applications with maturities of 0 to 120 days (including day 120) and the remaining half to those with maturities of 121 to 240 days (including day 240).

The increase of limits and easing of the conditions are envisaged to lead to a surge in the utilization of export credits by exporters, and facilitate an increase, by the same amount, in the net international reserves.

The maximum and overdue on personal credit cards are and made public for a 3-month period by the Central Bank of the Republic of Turkey () in accordance with and Credit Cards Law No.5464.

The Law No.6495 published in the dated 2 August 2013 has amended the Law No.5464 and expanded the ’s scope of duty to include corporate credit cards. Accordingly, in addition to personal credit cards, the maximum and overdue to be to corporate credit cards will also be and by the .

Within this new framework, the monthly maximum and overdue on corporate credit card are set at the same levels as those of personal credit cards: maximum rates at 2.12 for , 1.70 for US dollar and 1.64 for Euro and maximum overdue rates at 2.62 for , 2.20 for US dollars and 2.14 for Euro.

Effective from 5 August 2013, the date when the Communique No.2013/10 enters into force, the and overdue to be by banks for corporate credit card cannot exceed the above mentioned maximum rates. Banks are free to determine their rates at their own discretion, that they are below the ceiling rates. The maximum and overdue that will be valid for the 3-month period starting from 1 October 2013 will be by the prior to the said date.

After periods pegged to the British pound and the French franc, a peg of 2.8 = 1 U.S. dollar was adopted in 1946 and maintained until 1960, when the currency was devalued to 9 = 1 dollar. From 1970, a series of hard, then soft pegs to the dollar operated as the value of the began to fall.

1966 — 1 U.S. dollar = 9
1980 — 1 U.S. dollar = 90
1988 — 1 U.S. dollar = 1,300
1995 — 1 U.S. dollar = 45,000
2001 — 1 U.S. dollar = 1,650,000
2005 — 1 U.S. dollar = 1.29 new (The use of New , which drops 6 zeros from the currency , was implemented in 2005)
2010 — 1 U.S. dollar = 1.55
19 October 2012 — 1 U.S. dollar = 1.79

The First Issue (E1) Banknotes

The Guinness Book of Records ranked the as the world’s least valuable currency in 1995 and 1996, and again from 1999 to 2004. The had slid in value so far that one original gold lira coin could be sold for 154,400,000 before the 2005 revaluation. 

odds

Odds years. bank july 2013
Banks’ on Deposits are published for general informational purposes, and the amount may vary according to day basis.