Turkey eyes to use local currencies in trade with neighbors
Güncelleme Tarihi:
Turkey is eager to use local currencies in trade with neighboring countries, the country's trade minister said on Sunday.
Kursad Tuzmen said Turkey would start negotiations with Azerbaijan and Syria, as well as China, to carry on trade in local currencies.
"We have been working to boost trade with neighboring countries since 2000 and we have come a long way," Tuzmen said. "Now, we are working on a further integration with these countries. We believe that use of local currencies would surge our mutual trade with neighbors," he said.
He said Turkish officials have been in talks with Russia and Iran for a while and talks advanced significantly.
"Trade in local currencies would be to the interests of all parties," he said.
Tuzmen added that a Russian delegation would come to Turkey in April to discuss trade in ruble.
"We will hold final talks to operate the system properly. We plan to finalize works to launch trade in ruble as soon as possible," he said.