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Iran, Turkey to use national currencies in trade exchanges

Staff writer ▼ | January 26, 2015
Tehran and Ankara are working on a plan to use their national currencies in their trade exchanges, Iranian Ambassador to Turkey Alireza Bigdeli said Sunday.
Iran Turkey
Cooperation   Iranian Ambassador to Turkey Alireza Bigdeli:
"After the implementation of the preferential trade agreement and settlement of transportation problems between Iran and Turkey, now the most important economic agenda of the two countries is a mutual monetary contract that will allow use of their national currencies in (bilateral) trade and economic exchanges," Bigdeli wrote on his webpage.

"Trade and economic exchanges are expected to be considerably facilitated once this Iran-Turkey monetary contract comes into effect," he added.

Iran and Turkey have been pursuing increasing widening of their ties in various fields in the last two decades. Iran is a main energy supplier to Turkey and Ankara has made huge investments in Iran.op officials reiterated that the 30-billion-dollar trade balance is possible.