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Turkish Companies Can Use RMB to Pay Import Bills from China
Published on: 2020-06-23
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turkishTurkey’s central bank said on June 19 that it had used a Chinese yuan funding facility for the first time under an existing swap agreement with the People’s Bank of China. Turkish companies in various sectors the previous day paid, via banks, their import bills from China using yuan, it added.
 

A stark deterioration in the central bank’s foreign exchange reserves, partly caused by state bank interventions to prop up the embattled Turkish lira (TRY), has in recent weeks intensified concerns that Turkey was in sore need of securing additional foreign funding. In May, the central bank was known to be pursuing possible swap lines with the central banks of England and Japan and an expansion of its existing swap lines with Qatar and China.
 

Announcing the initial use of the funding facility for the Chinese currency—usually referred to as yuan (CNY), but sometimes referred to as the renminbi (RMB) and occasionally, by traders, as the redback—the central bank added that the move would strengthen financial cooperation between Turkey and China. Commercial banks would be able to add products related to trade and financial activities with a strategy based on the swap agreement, it said.
 

Turk Telekom, the country’s largest telecom company, said that it was among the companies that had used the mechanism provided by Turkey and new swap agreement to cover import payments, state-run news service Anadolu Agency reported.
 

The central bank said that it would continue to support the use of local currencies in international trade payments.
 

历史首次!土耳其宣布以人民币结算从中国进口商品

土耳其中央银行当地时间19日对外发布消息称,所有于本月18日通过该银行支付从中国进口商品费用的公司,均以人民币进行结算,这是自2019年中土签署双边本币互换协议后,土耳其首次以人民币作为结算货币。土耳其央行表示,以人民币结算将“进一步加强土耳其与中国之间的金融合作”。同日,土耳其电信也发表声明,同样将使用人民币支付从中国进口商品费用。
 

近期土耳其政府大力倡导使用本币开展双边贸易结算。此前,土耳其贸易部部长鲁赫萨尔•佩克詹曾表示,希望土耳其和中国继续推动双边国际贸易中的本币结算。有分析人士指出,人民币在双边贸易下作为风险低和坚挺的计价货币将赢得更多中土贸易客户的青睐,预计未来土耳其人民币结算量将进一步扩大。

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