According to a new report from an Agency where they cited data obtained from the Trade Ministry, Turkey’s trade in Turkish Lira is still enjoying the upward trend it enjoyed over the past year. The sanctions that have been put in place recently against Russia have served to reveal again how important trade using local currencies is.
Imports and Exports in Turkey
As of the end of 2021, the total value of exports in Turkish Lira reached an enormous 4.5 billion USD (66.7 billion TL). During this time, imports that were made using Turkish Lira amounted to a colossal 116.4 billion TL to make the total volume of foreign trade amount to 182.8 billion TL in total.
Turkish trade for this year
In the first three months of this year, trade using the local currency has also seen increases. Exports in Turkish Lira in January were just over 7 billion TL whilst imports were 12.5 billion TL with the foreign trade volume reaching over 19 billion TL during this time.
Exports in Turkish Lira in February totalled 8.5 billion TL whilst imports were 13.5 billion TL, making the foreign trade volume just over 22.1 billion TL in total.
Finally, March saw exports amount to 9.3 billion TL, which was an impressive increase of 8.3% when compared to February and 71.9% when compared to March in 2021. Imports in Turkish Lira totalled just over 17 billion TL and foreign trade increased to just under 26.5 billion TL.
2022 in Turkey
In the first four months of this year, exports in Turkish Lira increased by over 70% when compared to the same time last year, reaching a huge 24.9 billion TL according to data.
The President of Turkey, Recep Tayyip Erdogan, has done his best to protect the value of the Lira by calling on conducting trade with the local currency numerous times.
This beautiful stone house is for sale within the famous Kayakoy area of Fethiye and has its own private swimming pool and landscaped garden – just a few minutes away from a range of amenities and landmarks.
These Pendik apartments have tremendous views heading out towards the Marmara Sea on one side and Aydos Forest on the other side – suitable for buyers looking to live in a peaceful area of Istanbul at an affordable price.
Uniquely located in Gumusluk to maximise on sea views and peaceful surroundings, these villas are built to modern contemporary standards and are suitable for those wanting to live with their families in a desired location in Turkey.
Minutes away from Taksim Square and the Bosphorus Sea, this penthouse-style apartment is located in the heart of Bomonti in Sisli area of Istanbul and forms part of a prestigious site with 5-star services to use.