Banks will now also be able to conduct palladium transactions.

The Ministry of Treasury and Finance has updated the communiqué regarding Decision No. 32 on the Protection of the Value of Turkish Currency, adding palladium to the list of precious metals that banks can trade. According to the regulation published in the Official Gazette, banks will now be able to conduct transactions involving palladium alongside gold, silver, and platinum.

The amendment in Article 1 of the communiqué has updated the phrase "gold, silver, and platinum by banks" to "gold, silver, platinum, and palladium." Similar adjustments have been made in Articles 3, 4, 5, 6, 7, and 10, incorporating palladium into all relevant provisions. With this new regulation, palladium transactions will be subject to the same physical delivery, transaction limits, and reporting requirements as other precious metals, ensuring that palladium operations are now regulated within a legal framework. The communiqué came into effect on March 28, 2025, and its implementation will be overseen by the Minister of Treasury and Finance, completing the integration of palladium into the banking system.