Posted on 09/23/2018 9:54:10 AM PDT by Texas Fossil
Currencies should not be used as instruments to attack other countries' economies, says Mevlut Cavusoglu, referring to US
ANKARA / CARACAS, Venezuela
Turkey is eager to use local currencies in bilateral trade deals to counter attacks by the U.S., Turkey’s foreign minister said late Friday.
"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.
Cavusoglu said Turkey also became a target recently and that is why it experienced fluctuations in its currency.
"But we have been standing very strong and taking all measures to make our economy more stable," he said.
On Turkish-Venezuelan relations, Cavusoglu said Turkey and Venezuela’s presidents are "like brothers."
"Venezuela has been going through a critical period, and we are doing our best to support it," he said.
Cavusoglu said economic cooperation between the two countries has deepened, to the benefit of both.
He said Turkish Airlines has also discovered the potential of Venezuela and increased the frequency of its flights to the capital Caracas to seven times a week.
Venezuelan Foreign Minister Arreaza, for his part, said Turkey and Venezuela have close brotherly relations.
Arreaza said Turkey supported Venezuela when the latter was facing an economic blockade.
He said Turkey and Venezuela share the same positions on international relations and politics.
(Excerpt) Read more at aa.com.tr ...
Turkey and Venezuela?
Birds of a Feather?
One Totalitarian Dictator to another.
My worthless ‘money’ for your worthless ‘money’?
What’s the market rate of Turkish toilet paper?
Translation:
Turkey desperate to dig itself out of the crap-hole it burrowed into.
People make Hats , Hand Bags etc out of the Venezuelan money ,LOL
No end in sight. They just keep digging a deeper hole.
Eventually, it will collapse around him/them.
Yes. Like the story of workers in the Soviet Union.
Westerner: How can you work for what they pay you?
Soviet citizen: You don’t understand, they pretend to pay us, we pretend to work.
Looks that way.
Turkish Lira is getting almost that bad. Without NATO connection and cooperation? The bottom is very deep.
Just one more indicator that Turkey’s economy is going to be flushed down the toilet. This move will not inspire Turkey’s creditors, investors, allies or citizens.
True that.
But finances are not the major factor in the West’s disgust with Erdo.
His embrace of the Jihadi’s in his FSA is. (ISIS, al-Qaeda, al-Sham, Sultan Murat, Chinese Uyghur’s)
What they did in Efrin (Afrin) should make them guilty of international war crimes.
the leaders want the foreign exchange market
to be less efficient.
the leaders have advance knowledge
of big sales
they want big swings
they ‘frontrun’ with their personal account
to make money
trashing the US is only the excuse
all this makes things more difficult
for independent business and investors
this will speed the decline of their countries
Turkish and Venezuelan money is worthless because their governments catastrophically debased their money.
Yep
Bump
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