Central Bank of Russia has published data for the first time in Turkey's foreign trade


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According to data published by the Central Bank of Russia, Russia and Turkey, made from January to June 2019 period, 11.7 percent of the payment in bilateral trade in rubles. The dollar had a share of 83.1 percent.

Russia and Turkey, while continuing to work to reduce the dollar's share in bilateral trade The Central Bank of Russia, He announced for the first time the distribution of currencies used in Russian-Turkish trade.

In the first half of 2019, 11.7 percent of total payments were made in rubles. In the same period of 2018, this rate was recorded as 11.3 percent.
Central Bank statistics show that most of the payments are made in dollars. While the dollar had a share of 83.1 percent, the euro remained at 5 percent and other currencies remained at 0.2 percent.

The highest ruble payout ratio in bilateral trade was reached in 2013 and 2014. In those years, the rate of transactions in rubles ranged from 17.5 to 13 percent, while the rate of transactions in dollars was between 80 and 90 percent.

Minister of Treasury and Finance Berat Albayrak and Russian Finance Minister Anton Siluanovhad signed an agreement on the use of domestic currencies in payment and agreements between the two countries.

The agreement aims to use domestic currencies in the calculations between the two countries, to create an appropriate financial market and to increase the attractiveness of local currencies for domestic institutions.

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