Economy: Turkey increases 24% Lira use in foreign trade

24 December, 12:10

(ANSAmed) - ISTANBUL, DECEMBER 24 - The use of Turkish Liras in foreign trade increased 24% in the first 10 months of the year compared with the same period in 2011, reaching USD 11.1 billion. Lira use in exports was the main driver of the trend, with trade with Germany and Iran leading the transactions. The lira was used in USD 3.7 billion of Turkey's total USD 126.3 billion exports in the January-October period, according to the Turkish Statistical Institute data gathered by Anatolia news agency. The total value of liras used in exports was USD 2.9 billion for the same period last year, so the amount has risen 31%. (ANSAmed).

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