Turkey seeks trade in national currencies with Russia, China, Iran: Erdogan

Turkey is seeking to conduct trade with Russia, China and Iran in national currencies, announced Turkish President Recep Tayyip Erdoğan on Saturday.

Speaking at the opening ceremony of a shopping mall in Istanbul, Erdoğan said that he had proposed to Russian President Vladimir Putin to conduct trade between the two countries with local currencies, hurriyetdailynews.com reported.

"I proposed to Putin the following: Let's do our trade in local currencies. Whatever I buy [from you] I shall pay you in Russian ruble, and whatever you buy from me make the payment in Turkish liras," said Erdoğan.

He added that he had made the same offer to China and Iran and his offer was found reasonable.

"We have given the necessary instructions to our central banks and we will try to conduct such [trade] relationships between us through this way," Erdoğan said.

Erdoğan further reiterated his call to Turkish citizens to convert their foreign exchange into gold or the Turkish Lira. "Those who keep foreign currency under their mattress should come and turn them into lira or gold," he said.

Stating that one should convert their foreign currencies to liras or gold against the ones who want to 'destroy us', Erdoğan also answered the question of "what if we lose money", with this currency conversion.

"Look, this is national, there is fruitfulness in this, you will not make a loss from this, do not worry," said Erdoğan, adding that it was actually the 'other' — a reference to foreign currencies — that would make the Turkish people lose because "the other is a representative of the imperial logic".

"You look after your money that is local and national; the money will stay here," he concluded, Iran Daily reports

3915 views


More Russian news

Russia - UK: big game is on

Russia - UK: big game is on

Видео

Both see themselves as Autonomous centers of power, gravitating to different geopolitical projects

 Turkey returns to Russian gas

Turkey returns to Russian gas

Turkey continues to increase the volume of Russian gas purchases. The trend, which has been observed since the last autumn, continues to gain momentum. According to the latest data, in January-February 2017, Turkey increased Russian's gas …

The last Hero…

The last Hero…

Oleg Babak was shot in the back in the town of Yukhary-Dzhibikli

Iran, Russia call for continuation of fight against terrorism

Iran, Russia call for continuation of fight against terrorism

Yesterday President Vladmir Putin met President of Iran Hassan Rouhani in Moscow

Gazprom CEO about work on Turkish Stream gas pipeline project

Gazprom CEO about work on Turkish Stream gas pipeline project

Gazprom has set up a branch of South Stream Transport B.V. in Istanbul to coordinate work on the Turkish Stream gas pipeline project in Turkey. Thus, all conditions have been created to start laying the marine part of the gas pipeline, Gazprom …

Matvienko: Russia-US relations at very low level

Matvienko: Russia-US relations at very low level

Relations between Russia and the United States are at a very low level, but Russia still hopes for a mutually respectful dialogue on bilateral and international issues, the Russian upper house speaker Valentina Matvienko said, …

Russia#039s Black Sea fleet holding missile-firing drills in Crimea

Russia's Black Sea fleet holding missile-firing drills in Crimea

The warships of the Russian Black Sea Fleet are carrying out missile-firing drills in Crimea, Russia's Black Sea Fleet spokesman Vyacheslav Trukhachyov said. "In accordance with the combat training plan, …

 Russia and Turkey to discuss grain supplies

Russia and Turkey to discuss grain supplies

Russian and Turkish economy ministries will hold consultations on Russian grain supplies to Turkey soon, the Russian Deputy Economic Development Minister Alexei Gruzdev said on the sidelines of an Arctic forum. …

Russian Armed Forces to increase manpower to 1.9 mln personnel

Russian Armed Forces to increase manpower to 1.9 mln personnel

The Russian Armed Forces have been ordered by the country's President Vladimir Putin to expand its manpower to nearly two million by midyear, over a million of them service members, a decree published on the government online …

Lomonosov Moscow State University hosts international conference #039Centennial of Russian Revolution of 1917#039

Lomonosov Moscow State University hosts international conference 'Centennial of Russian Revolution of 1917'

Lomonosov Moscow State University is holding the first day of the international scientific conference titled 'The Centennial of the Russian Revolution of 1917'. The conference will continue until 31 March.the Department of History of …

more Russian news