According to the source, the banks may provide loan in foreign currency under several conditions.
The Authority will release detailed information about the conditions soon.
On April 5, the Board of Directors of the Financial Markets Supervisory Authority passed a decision to ban providing a loan in the foreign currency for a month. It was noted a decision was passed for determination of regulatory frames within a month to deeply and comprehensively analyze the consumer lending in foreign currency, ensure protection of consumers’ rights and financial stability. At the same time, the Authority had right to extend the period.
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