Why is it necessary to sell foreign currency investments to the Turkish central bank as part of the CBI process?

Will I get my money back in foreign currency on the real estate or fixed capital investment I used for my CBI process after the minimum three-year holding period ends?

Answers

On January 27, 2022 Ibrahim Aslan answered:

The new regulation has been issued to protect the Turkish lira's value. If you buy property for citizenship purpose, you cannot sell it for three years, but during these three years, your property could bring rental income and also it'll have capital appreciation. You can sell your property in dollar price or you can convert your lira to dollar when you receive your money. If you invest in the bank deposit program, the government will also issue a protection program for the savings account to account for the losses because of the foreign exchange fluctuations. You can convert your lira to dollar after the three-year holding period.

On January 31, 2022 Orhan Yavuz Mavioğlu answered:

It is necessary due to the current applicable regulation on the implementation of the Turkish citizenship law. The deposit will be kept in the Turkish lira for three years. The actual deposit and its interest will be free for disposal after such time.

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