Turkey to Issue Yuan-Denominated Bonds for 1st Time - Erdogan
Turkey to Issue Yuan-Denominated Bonds for 1st Time - Erdogan
Turkey plans to issue Yuan-denominated bonds for the first time with an aim to diversify its foreign borrowing instruments, Turkish President Recep Tayyip... 03.08.2018, Sputnik International
Step by step the petro / world reserve currency Dollar is being replaced, sadly this will only lead us too more unavoidable ''situations''.
2
anne00marie
Just gotta love those sanctions. So many nations dumping or avoiding $US, owing to lack of trust. Owing to abusing the power to sanction, all and sundry. If not planned, how long will it take Washington DC to realise they have scored a home goal?
Turkey plans to issue Yuan-denominated bonds for the first time with an aim to diversify its foreign borrowing instruments, Turkish President Recep Tayyip Erdogan said on Friday.
"For the first time, we are issuing Chinese Yuan denominated bonds," Erdogan said as quoted by the Anadolu news agency as he delivered a speech to reveal a 100-day plan of Turkey's new presidential cabinet.
The Turkish president stressed that the Chinese, Mexican and Russian markets would become a priority for Turkish exports, adding that his country was facing "an economic war," which it was going to win.
Erdogan's comment comes after US President Donald Trump on July 26 threatened sanctions against Turkey over a detention of US pastor Andrew Brunson, who is suspected by the Turkish authorities of links to a terrorist organization.
Erdogan said Turkey would not change its position on the detention of US pastor amid US remarks on possible sanctions.
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Dungeon Ambassador from Terra
