On meeting of Russian-Turkish Working Group on Financial and Banking Cooperation

On 10-11 November 2016, Sochi hosted the 6^th meeting of the Russian-Turkish Working Group on Financial and Banking Cooperation under the Joint Intergovernmental Russian-Turkish Commission on Trade and Economic Cooperation.

During the meeting, representatives of the Russian and Turkish banking community discussed the current level of cooperation between the banking systems of the two countries, measures to expand correspondent relations and increase the use of national currencies in bilateral trade settlements, including a possibility of trading in the currency pair of Russian ruble/Turkish lira (RUB/TRY) on the Moscow Exchange, and cooperation between the two countries’ payment card systems.

The parties agreed to revise the Memorandum of Understanding between the Central Bank of the Russian Federation and the Central bank of Turkey effective since 1997 with due account of new realities.

The reference to the Press Service is mandatory if you intend to use this material.

11.11.2016 00.00.00