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Dollar pushed Turkey to China

Turkey has tried to deal with the US because of the impact of the rising dollar. US closed all options. Turkey has agreed with China.

Dollar pushed Turkey to China
15 Mayıs 2020 - 16:04

Turkey has swap agreements with China to escape the effects of the rising dollar. After Turkey’s dollar swap news and contacts down to 6.90 per level. 168 billion dollars of foreign debt in the next 12 months must meet in August, half of Turkey’s obligations to provide foreign currency from abroad at this point is quite important.

According to analysts, Ankara is preparing to defend the economy against a potential exchange rate crisis, and conducted meetings with nearby capitals to outsource. The USA has turned off all options. Turkey has agreed with China. Turkey met with the US but the proposal was rejected.

According to information given by one of the officials to Reuters, Ankara’s confidence came after the bilateral meetings recently. Epidemia undermined the world economy as well as undermined the Turkish economy.


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