On Foreign Exchange Awareness with Azzuro Jewelry

The meeting

At the October 2026 edition of Istanbul Jewelry Show, our founder met Mr Hüseyin Şaşmaz, partner at Azzuro Jewelry. Mr Şaşmaz is active at many stages of the sector: workshop, export and intermediary institution. As in the previous term, he continues to serve in this term as a Board Member of the Jewelry Exporters' Association. Our founder's books were presented to him as a gift.

One of the thesis's field sources

Mr Şaşmaz was one of the important field sources whose knowledge and experience our founder drew on while writing his thesis. Our founder also thanked him specifically in the acknowledgements of his book.

Why does awareness matter?

Views were exchanged on raising awareness in the sector with Mr Şaşmaz, who has experienced the consequences of foreign exchange legislation (kambiyo mevzuatı) at first hand and follows the rules himself. A single example shows why awareness matters: if export proceeds (ihracat bedeli) are not brought into Türkiye within 180 days of the actual export date, save for exceptions, an administrative fine of 5% of the market value of the proceeds not brought in is imposed under Law No. 1567 on the Protection of the Value of Turkish Currency (1567 sayılı Kanun). For an exporter unaware of the deadline, this means a cost independent of the transaction itself.

What it added to our work

This contact with sector representatives serving on the Association's board allows us to follow closely how changes in the legislation are reflected in the sector. Drawing on this experience, we provide legal support to exporting companies on compliance (uyum) with foreign exchange legislation, the timely repatriation of export proceeds (ihracat bedelinin yurda getirilmesi) and in-house awareness training.