Start your İBKB transactions right away with Kuveyt Türk Mobile and Internet Branch!
What Is an Export Proceeds Acceptance Certificate (İBKB)?
It is a document certifying that export proceeds have been repatriated and that the foreign currency has been sold to the bank at the rate specified in the Export Circular.
Features
This service offers the option to create and list İBKBs via the Internet Branch and Kuveyt Türk Mobile.
- Foreign currency can be sold at a rate of 35% or higher, as desired.
- To use this service, the customs declaration must have been filed, and the export proceeds must have been credited to the account.
- İBKBs can be created in USD, EUR, and GBP.
- SME, commercial, and corporate customers can use this service.
- Transactions can be made between 08:00 and 15:59.
- When using this service, the TCMB Foreign Exchange Buying Rate announced by the Central Bank at 10:00, 11:00, 12:00, 13:00, 14:00, and 15:00 is used (For transactions between 08:00 and 10:00, the rate announced at 15:00 the previous day is used).
If you wish to cancel an İBKB transaction, please contact your branch.
How to Use It?
Users with the Fully Authorized, Authorized, Manager, and Data Entry roles at our corporate clients can access the “Foreign Trade > İBKB > Export Proceeds Acceptance Certificate Registration” menu via the “All Transactions” menu in the Kuveyt Türk Mobile or Kuveyt Türk Internet Branch. The “Customs Declaration Information” screen is displayed to the customer. On this screen, the account for the transaction is selected. The Customs Declaration Document is also uploaded to the system. If desired, the customer can also upload an invoice.
The customer then creates the İBKB and, if desired, can view a list of their previous İBKB transactions. The İBKB form can be submitted bearing a company stamp and signature.
Government Support for Foreign Currency from Overseas Sources
Support for the Conversion of Foreign Currency from Overseas Sources Held by Corporate Customers into Turkish Lira
When our corporate customers sell their foreign currency from overseas sources to the Central Bank of the Republic of Türkiye (TCMB), they may receive foreign currency conversion support equivalent to 3% of the amount converted to Turkish lira in exchange for a commitment. For detailed information and to benefit from this conversion support, please visit your nearest branch.