Date: 2 months ago   Category: Economy

Erdogan has urged to finish domination of dollar in world trade - RIA Novosti, 9/2/2018


US dollars. Archival photo
ANKARA, 2 Sep — RIA Novosti. It is necessary to put an end to domination of dollar in international trade, the president of Turkey Tayyip Erdogan has said, speaking at a business forum Turkey-Kyrgyzstan during the visit to Bishkek on Sunday.© RIA Novosti / Alexey Vitvitsky to Pass into an image bank Trump has said that he "was disappointed" in Erdogan "It is necessary to put an end to domination of dollar in international trade, using payments in national currencies" — the Anadolu agency quotes Erdogan. According to him, the system tied to dollar created allegedly for trade simplification has turned into the biggest problem now, trade wars and protectionism force to use new strategy in many spheres. The purpose of manipulations with exchange rates — to force to doubt strong and healthy Turkish economy, Erdogan has noted. "The purpose — to strike blow to economy of Turkey. However thanks to the measures taken by the government and a resolute position of the Turkish people this attempt wasn't crowned with success" — the Turkish leader has added. The relations of Washington and Ankara have become aggravated recently, including because of business of the American pastor Andrew Branson detained in 2016 by the Turkish authorities. The Ministry of Finance of the USA has imposed sanctions against the Minister of Justice of Turkey Abdulakhmit Gül and the Interior Minister Suleiman Soylu, having accused them of "serious violations of human rights". Then the U.S. President Donald Trump has said that he authorized increase twice in duties on aluminum and steel from Turkey — to 20% and 50% respectively. It has caused the collapse of Turkish lira to a historical minimum. Ankara in reply has sharply raised taxes on 22 types of the American goods, including on tobacco, alcohol, cars, cosmetic products, rice and fruit, on the total amount of 533 million dollars.

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