About Trading in National Currencies

[SouI]

I have heard this a lot for Iran and Russia. Is that true? And if that is true, then why does Erdogan keep saying that he wants to do it after every meeting with Iranian and Russian authorities?

Could that also explain the "unspecified" and high amount of gold trade in our trades? (https://atlas.media.mit.edu/en/profile/country/tur/)

So what is real and what is just empty gossip? Is there any country that we might be trading with in national currencies right now?


For one Id be more than happy if we traded with all countries in our currency? Hopefully the gossips are true!

 

[Samlee]

This Is What Currency Swaps Effectively Do.The Idea Is To Ease Pressure On The Dollar Account(i.e Forex Reserves)
I Think Pakistan and Turkey Do Have A Currency Swap

 

[T-123456]

I have heard this a lot for Iran and Russia. Is that true? And if that is true, then why does Erdogan keep saying that he wants to do it after every meeting with Iranian and Russian authorities?

Could that also explain the "unspecified" and high amount of gold trade in our trades? (https://atlas.media.mit.edu/en/profile/country/tur/)

So what is real and what is just empty gossip? Is there any country that we might be trading with in national currencies right now?


For one Id be more than happy if we traded with all countries in our currency? Hopefully the gossips are true!

You need stable currencies for that,since ours isnt,i dont think it will be easy to do that.

 

[SouI]

You need stable currencies for that,since ours isnt,i dont think it will be easy to do that.

So we arent doing it with them now?

 

[T-123456]

So we arent doing it with them now?

I dont know if its possible now.
Think of it when the Lira loses value every month,how is that going to work?

 

[SouI]

I dont know if its possible now.
Think of it when the Lira loses value every month,how is that going to work?

The purchasing power of the TLs that for example Russia has would be lower.

But Russia's currency too lost more than half of its value within a year and all developing countries are losing in their currencies' values due to FED increasing interest rates, so we are not the only one.

 

[T-123456]

The purchasing power of the TLs that for example Russia has would be lower.

But Russia's currency too lost more than half of its value within a year and all developing countries are losing in their currencies' values due to FED increasing interest rates, so we are not the only one.

Im sure someone with more knowledge will come up with answers.

 

[Bismarck]

I dont know if its possible now.
Think of it when the Lira loses value every month,how is that going to work?

Against dollar? Yes. Against Euro? Yes. Against any other currency? I don’t know.

 

[SouI]

Guys look:

2015 Imports from Iran: https://atlas.media.mit.edu/en/visualize/tree_map/hs92/import/tur/irn/show/2015/

And now;

2016 Imports from Iran: https://atlas.media.mit.edu/en/visualize/tree_map/hs92/import/tur/irn/show/2016/

 

[Killuminati]

Everything we sell to EU and US we get dolar and eu for it back. Doesnt this increase the buying and investements power?