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Foreign Turkey trade using local currency on rise

by John Pierce
July 3, 2023
in Business
1 min read
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While Western sanctions against Russia once revealed again Importance of trade using Local and foreign currencies trade the sound of Turkey carried out with The Turkish lira was rising, data showed.

Turkey trade in The Turkish lira continued its upward trend over The past year, Anadolu Agency reported Thursday, citing data from the Ministry of Commerce.

Accordingly, exports in The Turkish lira amounted to 66.7 billion Turkish liras ($4.5 billion) of the end of 2021. In the same period, imports made in The Turkish lira revealed that it reached 116.4 billion Turkish liras, making it a foreign trade The trading volume reached 182.8 billion Turkish liras.

Commerce with The local currency has also more in The first Three months of this is year. In January, exports in The Turkish lira amounted to 7.1 billion Turkish liras, while imports amounted to 12.5 billion Turkish liras, making foreigners trade Size TL 19.1 billion.

In February, exports in The total Turkish lira amounted to 8.5 billion Turkish liras, while imports amounted to 13.5 billion Turkish liras and foreign trade The volume was 22.1 billion Turkish liras.

In March, exports in The question amounted to 9.3 billion TL, an increase of 8.3% compared to the previous month and of 71.9% compared to the same month of Previous year. In this period, while the amount of imports in The Turkish lira amounted to 17.1 billion Turkish liras for foreigners trade The volume increased to 26.4 billion Turkish liras.

In the first quarter of The yearexports in The Turkish lira rose by 71.8% over the same period quarter of Previous year It amounted to 24.9 billion Turkish liras.

Call President Recep Tayyip Erdogan on Procedure trade with Several local currency times to protect the value of lira.

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