TCMB has added the Kazakhstan Tenge to its foreign exchange list.

Currency Regulation from TCMB

The Central Bank of the Republic of Turkey (TCMB) has made an important update with the 32nd decision on the protection of the value of the Turkish currency published in the Official Gazette. The Kazakhstani tenge has been included in the list of currencies subject to trading. This new regulation signifies important changes for investors and market participants.

Gains and Effects

Based on the relevant communiqué from the Ministry of Treasury and Finance, this change may increase interest in currency trading. Investors will be able to carry out transactions related to the Kazakhstani tenge more easily and will find opportunities to diversify their currency portfolios.

Expectations on the Market

It is also thought that the new regulation will have certain effects on Borsa Istanbul (BIST). Analysts expect that investors may adopt a more flexible approach, especially against fluctuations in exchange rates.