16:19 GMT +323 October 2019
Listen Live
    Работа Московского монетного двора Гознака

    Russia, Turkey Agree to Boost Payments in National Currencies

    © Sputnik / Vladimir Astapkovich
    Business
    Get short URL
    0 145
    Subscribe

    Russia and Turkey agreed to work alongside representatives of the business communities to identify possible obstacles for conducting payments in their national currencies.

    MOSCOW, November 26 (Sputnik) — Russia and Turkey are set to work on increasing payments between the countries in their national currencies, the Russian-Turkish Intergovernmental Commission said Wednesday.

    “The working group on financial and banking cooperation, taking into account information about detected barriers, is to continue its work to eliminate them and increase the volume of payments in the national currencies of Turkey and Russia,” the commission said.

    Both sides noted the absence of legal and infrastructural constraints for conducting payments in their national currencies and agreed to work alongside representatives of the business communities to identify possible obstacles.

    The 13th session of the Russian-Turkish Intergovernmental Commission on Economic Cooperation took place in Moscow on Wednesday.

    Related:

    Indian Ambassador to Russia: India, Russia to Benefit From Trading in National Currencies
    Argentina Proposes Russia to Use National Currencies in Mutual Payments: Economy Ministry
    Russia, Turkey May Increase Use of National Currencies in Mutual Payments
    Tags:
    national currencies, trade, Turkey, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik