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Given the hot topic which is called trade wars, I am interested in finding an answer to 'how feasible
is using local currencies in trade between countries?'
In particular between Russia and Turkey where there is a trade imbalance.
Local Currency Trade Between Russia and Turkey
Non-oil trade deficit widens 17% y/y as non-oil imports rise driven by raw materials, medicins, train
cars, and cereals
Oil trade balance records marginal deficit as demand for imports falls, gas exports
Macro, FX & Rates, CEEMEA, Market research/Trading
Meanwhile, global concerns associated with the ongoing trade war between the US and China and negative
We close our Long TCS Trade Idea with a 27% return in US$ (28% in RUB, +21% vs RTS).
the electronic and telecom industry, but it does not match with the company’s valuation, that shares trade
parties sign annex to ruling agreement to overcome deadlock
Turkey - President Erdogan replaces trade
Tunisia - Protesters demand president’s resignation in large anti-coup rally
Mexico - Goods’ trade
ending in July
Kuwait - Budget deficit for FY 2020-21 rises 175% to record USD 35.9bn
Kenya - Trade
The rapid growth of the so-called exchange traded funds (ETF) by both absolute and money terms became
communications minister is credited for contribution to e-procurement and cyber security
India - Goods trade
Report
auto price cuts
• Services inflation edges up, energy inflation eases
Morocco - Morocco's foreign trade
Market research/Trading, Sales And Trading
Asia, Russia, China, Market research/Trading, Trading, Business Analytics, Carbon Markets
Equity, CEEMEA, Russia, Market research/Trading