Turkey and Russia May Start Using Gold as an Alternative to the Dollar
Due to secondary sanctions, bilateral trade between Turkey and Russia has nearly come to a halt. Unlike China and India, Turkey is more closely tied to the US and the EU, making it nearly impossible to find workaround solutions.
However, a solution has been proposed within Turkey itself: start using gold. The value of gold is well-known, and transactions involving it are not classified as currency exchanges. Therefore, these transactions would not fall under current restrictions.
Let's just wait for the good old golden galleons and brave pirates.
Follow us on Telegram
Due to secondary sanctions, bilateral trade between Turkey and Russia has nearly come to a halt. Unlike China and India, Turkey is more closely tied to the US and the EU, making it nearly impossible to find workaround solutions.
However, a solution has been proposed within Turkey itself: start using gold. The value of gold is well-known, and transactions involving it are not classified as currency exchanges. Therefore, these transactions would not fall under current restrictions.
Let's just wait for the good old golden galleons and brave pirates.
Follow us on Telegram