Turkey wants trade with China, Russia and Iran in local currencies, Erodgan says


  • World
  • Sunday, 04 Dec 2016

Turkish President Tayyip Erdogan makes a speech during the NATO Parliamentary Assembly 62nd Annual Session in Istanbul, Turkey, November 21, 2016. REUTERS/Murad Sezer

ISTANBUL (Reuters) - Turkey is taking steps to allow commerce with China, Russia and Iran to be conducted in local currencies, President Tayyip Erdogan said on Sunday, the government's latest effort to shore up the tumbling lira.

In a speech to flag-waving crowds in the central city of Kayseri, Erdogan also said that Prime Minister Binali Yildirim would bring up the issue with Moscow during a forthcoming trip to Russia.

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