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Turkey announced its intention to submit a letter of intent to join the Single European Payments Area (SEPA), aiming to facilitate financial transfers and strengthen trade and investments with the European Union. The Turkish Minister of Treasury and Finance confirmed that joining will benefit both companies and citizens, as Turkey seeks to complete the necessary procedures soon. The SEPA system allows for cross-border transfers to be made quickly and at low cost, currently includes 41 countries, and helps promote economic integration between Turkey and the European Union.
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