The Central Bank of the Republic of Turkey (TCMB) updated the maximum interest rates for credit card transactions effective September 1, 2026. ^[1] The number of execution and bankruptcy cases in Turkey surpassed 26 million by August 2026, with a 2 million increase since the beginning of the year. ^[2] Turkey's unemployment rate rose by 0.5 percentage points to 8.1% in July 2026, with 2.86 million people unemployed according to TÜİK. ^[3] For credit cards with a period debt between 30,000 TL and 180,000 TL, the maximum monthly contractual interest rate is 3.75% and the maximum late fee interest rate is 4.05%. ^[4] For credit cards with a period debt under 30,000 Turkish Lira (TL), the maximum monthly contractual interest rate is 3.25% and the maximum late fee interest rate is 3.55%. ^[5] The unemployment rate for young people aged 15-24 reached 14.5% in July 2026, with a gender gap of 11.3% for men and 20.3% for women. ^[6] Turkey is facing a risk of early deindustrialization as factories struggle with production and investment is slowing down. ^[7]