Visit to İpekyolu at Istanbul Jewelry Show: With a Witness to the History of Foreign Exchange

The visit

At the October 2026 edition of Istanbul Jewelry Show, our founder met Mr İbrahim Kaygısız, owner of İpekyolu Mücevherat, which has been active for many years in the manufacture, import and export of silver jewellery. Our founder places particular importance on contact with people who have witnessed the living history of the sector; this meeting took place within that framework.

A living witness to foreign exchange legislation

Türkiye's foreign exchange regime has come a long way to reach its present form. Decree No. 17 of 1962 set the framework for a period in which foreign currency transactions were subject to strict state control, a period that lasted until 1983. Decree No. 28 of 29 December 1983 began the process of liberalisation. Decree No. 32 on the Protection of the Value of Turkish Currency (32 sayılı Karar), published on 11 August 1989 and still in force today, introduced freedom in the purchase and sale of foreign currency and largely free disposal of foreign currency export proceeds (ihracat bedeli).

Hearing about each of these periods from a sector representative who lived through them at the import and export desk was a distinct experience, revealing the commercial reality behind the legislative texts.

Interest in our work

Mr Kaygısız examined our founder's work carefully and thanked our founder for the effort devoted to this field. İpekyolu also said that it would support our training activities.

What it added to our work

This continuing contact allows us to assess the history of the legislation and its present-day application together. Drawing on this experience, we provide legal support to companies importing and exporting precious metals and jewellery on compliance (uyum) with foreign exchange legislation (kambiyo mevzuatı), from the repatriation of export proceeds (ihracat bedelinin yurda getirilmesi) to transactions in foreign currency.