Turkey offers new option for trade co-op
The government of Turkey has offered a new proposal
for cooperation in the finance and banking sectors with Azerbaijan
and other neighboring countries.
Under the proposal, Turkish banks are to be established in several states for conducting trade in the national currencies of the host countries.
Turkish officials have begun taking specific steps to put in place the plan, local media reported. According to Minister of State Kursad Tuzmen his country has reached a substantial agreement on trading in local currencies with Russia and Iran.
The minister noted that a Russian delegation is due to visit Turkey in April for talks on instituting trade transactions in the Russian Ruble.
He added that work was also underway to begin trading in local currency units with China, Azerbaijan and Syria.
Under the proposal, Turkish banks are to be established in several states for conducting trade in the national currencies of the host countries.
Turkish officials have begun taking specific steps to put in place the plan, local media reported. According to Minister of State Kursad Tuzmen his country has reached a substantial agreement on trading in local currencies with Russia and Iran.
The minister noted that a Russian delegation is due to visit Turkey in April for talks on instituting trade transactions in the Russian Ruble.
He added that work was also underway to begin trading in local currency units with China, Azerbaijan and Syria.
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