Paul Antonopoulos — Turkey to Ditch U.S Dollar in Trade, Urges Europe to Follow Suit

Turkish President Recep Tayyip Erdogan said on Saturday that his country is ready to trade with partner nations using national currencies.

“We are preparing to carry out trade in national currencies with China, Russia, Iran, and Ukraine, which account for the bulk of bilateral trade. If European countries want to get rid of the pressure of the dollar, we are ready to create a similar system with them,” said the Turkish leader during a meeting in the Turkish city of Rize.

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Turkey to Ditch U.S Dollar in Trade, Urges Europe to Follow Suit

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Russia will also have more settlement in roubles and other currencies, such as the euro, than in dollars, Siluanov said.

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