The Central Bank revealed to the currency structure of trade with Turkey
CBR for the first time revealed the currency structure of bilateral trade with Turkey: As seen from the statistics published on the official Internet representation of the regulator in January-June 2019 payment in rubles was carried out in eleven, 7% of cases, almost the same level
CBR for the first time revealed the currency structure of bilateral trade with Turkey: As seen from the statistics published on the official Internet representation of the regulator in January-June 2019 payment in rubles was carried out in eleven, 7% of cases, almost the same level only in 2018 in eleven, 3%.
A large part of the settlements are in U.S. dollars (in January-June 83, 1%), the Euro accounts for 5% of all bilateral payments, even 0, and 2% to other currencies.
As can be seen from the statistics of the Russian regulator, the maximum share of trade in rubles with Turkey was reached in 2013 and 2014, when it amounted to 17, 5% and 13%, respectively, while at the same time, the dollar accounted for 80-90% of transactions.
in October of this year, the Ministry of Finance and the Ministry of the Treasury and of Finance of Turkey signed an agreement on settlements and payments in national currencies.
The main goal of the Ministry of Finance of the Russian Federation called the increase and a smooth transition to using the ruble and Lira in bilateral payments, the development of appropriate 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 be to develop instruments issuance of debt securities in the trading markets pairs of countries.
the results of 2018 the commodity turnover between Russia and Turkey increased by 16% and reached 25, 5 billion.
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