{"id":398818,"date":"2020-06-21T10:09:28","date_gmt":"2020-06-21T07:09:28","guid":{"rendered":"https:\/\/sonna.so\/en\/?p=398818"},"modified":"2020-06-21T10:09:28","modified_gmt":"2020-06-21T07:09:28","slug":"turk-telekom-uses-yuan-for-trade-with-china","status":"publish","type":"post","link":"https:\/\/sonna.so\/en\/turk-telekom-uses-yuan-for-trade-with-china\/","title":{"rendered":"Turk Telekom uses yuan for trade with China"},"content":{"rendered":"<p><strong>ISTANBUL{SONNA]<\/strong><a href=\"https:\/\/www.hurriyetdailynews.com\/search\/Turkey\">Turkey<\/a>&#8216;s telecommunications giant\u00a0<a href=\"https:\/\/www.hurriyetdailynews.com\/search\/Turk%20Telekom\">Turk Telekom<\/a>\u00a0took the first step to trade in local currencies through a new mechanism provided by Turkey and\u00a0<a href=\"https:\/\/www.hurriyetdailynews.com\/search\/China\">China<\/a>&#8216;s new swap agreement on June 19.<\/p>\n<p>The GSM firm used Chinese\u00a0<a href=\"https:\/\/www.hurriyetdailynews.com\/search\/yuan\">yuan<\/a>\u00a0for import payments after the swap agreement, which removed the obstacles for using local currencies in bilateral trade instead of a third country&#8217;s currencies, Turk Telekom said in a press release.<\/p>\n<p>Earlier, the Turkish Central Bank announced that the first usage of the Chinese yuan funding under the swap agreement signed with China was realized on June 18.<\/p>\n<p>According to the bank, Turkish companies in various sectors paid their import bills from China using yuan through relevant banks.<\/p>\n<p>\u00dcmit \u00d6nal, the CEO of Turk Telekom, said the use of local currencies for international trade has been increasing day by day.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>*@HURRIYET DAILY<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISTANBUL{SONNA]Turkey&#8216;s telecommunications giant\u00a0Turk Telekom\u00a0took the first step to trade in local currencies through a new mechanism provided by Turkey and\u00a0China&#8216;s new swap agreement on June 19. The GSM firm used Chinese\u00a0yuan\u00a0for import payments after the swap agreement, which removed the obstacles for using local currencies in bilateral trade instead of a third country&#8217;s currencies, Turk [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":398819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-398818","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"_links":{"self":[{"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/posts\/398818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/comments?post=398818"}],"version-history":[{"count":1,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/posts\/398818\/revisions"}],"predecessor-version":[{"id":398820,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/posts\/398818\/revisions\/398820"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/media\/398819"}],"wp:attachment":[{"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/media?parent=398818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/categories?post=398818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/tags?post=398818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}