Russia and Turkey preparing to switch to settlements in national currencies

Central Banks of Russia and Turkey are preparing for transition to settlements in national currencies, President and CEO of Turkish DenizBank Hakan Ates said on February 8.

“Such a transition is quite possible. We are working in this direction. However, as far as I know, no direct agreement has been achieved yet, but we need to make it happen," Ates said.

As EAD reported earlier, in June 2014, Russia and North Korea launched mutual settlements in rubles. Furthermore, Pyongyang facilitated the visa regime for representatives of the Russian companies operating in North Korea.

Similar measures are anticipated in the relations with China, India, Iran and Egypt.