Erdogan announced Turkey was preparing to conduct trade through national currencies with China, Russia and Ukraine as ties with the U.S. continue to crumble
Aug 13, 2018
The Kremlin said on Monday that Russia favored bilateral trade with all countries in their national currencies, rather than the dollar, but that the idea needed detailed work before being implemented.
On Saturday, Turkish President Tayyip Erdogan announced that Turkey was preparing to conduct trade through national currencies with China, Russia and Ukraine.
The Turkish lira sank to a fresh record low of 7.24 to the dollar in early Asia Pacific trade Monday, as investors continue to worry over the state of the economy and deteriorating ties with the United States amid a diplomatic row over a jailed American pastor.
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Russia Seeks to Use National Currencies in Trade With Turkey – Kremlin
