Turkey will switch to calculations in national currency with partners, Erdogan said

© RIA Novosti / Alexei Vitvitskiy in Photobacterium Recep Tayyip Erdogan. Archival photoTurkey will switch to calculations in national currency with partners, Erdogan said© RIA Novosti / Alexei Vitvitskiy the image Bank

Turkey is preparing to move to settlements in national currency with its major trading partners such as China, Russia, Iran and Ukraine, said the country’s President Tayyip Erdogan during the crisis in Turkish-American relations.

The US President Donald trump said Friday that sanctioned twice to raise taxes on aluminum and steel from Turkey — up to 20% and 50%, respectively, which caused another drop in the Turkish Lira to a historic low. It fell to 6.62 per dollar, having lost during the day nearly 20% of its value.

Relations between the US and Turkey recently escalated, including the case of American pastor Andrew Brunson, detained in 2016 by the Turkish authorities. Last week the US Treasury imposed sanctions against the head of the Ministry of justice of Turkey Abdulhamit Gul and interior Minister Suleyman Soylu, accusing them of «serious violations of human rights».

«We are preparing to move to settlements in national currency with its major trading partners such as China, Russia, Iran and Ukraine. If the countries of Europe also want to get rid of the shackles of the dollar, that Ankara is ready to go with them on similar calculations,» — said Erdogan, speaking in Rize. It quoted the Anadolu news Agency.

According to him, Turkey will not accept a world order in which the world declared economic war on a country pressured by the threat of sanctions.

«Those who are trying to settle scores with Turkey, and a blow below the belt, must remember that in the world there is no politics and no country that could succeed pursuing a hostile policy towards Ankara. Anyone who was the cause of the suffering of the Turkish people, sooner or later will answer for it,» said Erdogan.

Turkey has set itself ambitious targets and is on track to achieving them, it is resistant to any shocks and threats, the President noted. «Nothing will force Turkey to abandon their goals in the economy, to withdraw from the fight against terrorism. Openly declare it. Turkey will not change its policy on Syria and Iraq,» Erdogan said.

Turkey will switch to calculations in national currency with partners, Erdogan said© RIA Novosti / Vitaly Policemaster of contention

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