13:57 GMT +318 August 2019
Listen Live
    Turkish liras

    Turkey to Use Only National Currency in Gas Tenders - Energy Market Regulator

    © Photo : Pixabay
    Middle East
    Get short URL
    0 42

    Turkish companies will use only Turkish liras in the gas tenders, Turkey's Energy Market Regulatory Authority (EMRA) said Wednesday.

    ANKARA (Sputnik) — The EMRA said in a statement that the country's entities would be obliged to use only the national currency in tenders on the distribution of natural gas.

    On Monday, the Turkish Privatization Authority (OIB) made the similar decision about the tenders in its competence. Earlier on Tuesday, Turkey’s Defense Industry Support Fund converted its cash assets into liras.

    These decisions come after Turkish lira lost more than 11 percent to the US dollar. Last week, lira’s rate to dollar reached historical minimum of 3.54 lira per dollar. Turkish President Recep Tayyip Erdogan called on the nation to sell foreign currency in order to support lira.


    Russia-Turkey Trade in National Currencies Has No Barriers - Russia Central Bank
    Turkey, Russia Central Banks Plan to Use National Currencies in Bilateral Trade
    Russia-Turkey Use of National Currencies in Trade 'Important Step'
    national currency, EMRA, Turkey
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik