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Turkey Trade Goes Local on Currency to Counter US Attacks

Turkey Trade Goes Local on Currency to Counter US Attacks

Turkey is eager to use local currencies in bilateral trade deals to counter attacks by the U.S., Turkey’s foreign minister said .

“We are so keen actually to use local currencies in our bilateral trade, not only between Turkey and Venezuela, but also between Turkey and other countries,” Mevlut Cavusoglu told a joint press conference in Caracas with his Venezuelan counterpart Jorge Arreaza.

Cavusoglu said since Washington has been using the dollar as a tool to attack other countries’ economies, many countries have been trying to use local currencies in trade.

He added that Turkey is not against the currency of any country, but currencies should not be used as weapons to attack other nations’ economies.