Russia and Turkey have agreed on settlements in national currencies
The Ministry of Finance of the Russian Federation and the Ministry of the Treasury and of Finance of Turkey signed an agreement on settlements and payments in national currencies, said the Russian Ministry of Finance.
The Ministry of Finance of the Russian Federation and the Ministry of the Treasury and of Finance of Turkey signed an agreement on settlements and payments in national currencies, said the Russian Ministry of Finance.
As highlighted in the report, the document is aimed at " promoting and strengthening interbank cooperation, as well as the continuity of calculations between business entities of two countries ".
From the Russian side the agreement was signed by the 1st Deputy Prime Minister and Minister of Finance Anton Siluanov, With the Turkish head of the Ministry of Treasury and Finance, Berat Albayrak.
The main goal of the Ministry of Finance called the increase and a smooth transition to using the ruble and Lira in the calculations between Russia and Turkey, developing relevant infrastructure Finance market and increasing the attractiveness of national currencies For organizations. To increase the level of liquidity of the Russian and Turkish issuers will develop tools debt securities on the markets of several countries.
"The signing of the Treaty is an important step For further expansion and development of mutually beneficial and equitable trade and economic cooperation between Russia and Turkey," - said in the report.
the results of 2018 the commodity turnover between Russia and Turkey increased by 16 % and reached 25, 5 billion.
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