Ser­bia adds Turkish lira to FX mar­ket cur­rency list

Daily Sabah (Turkey) - - Money -

THE NA­TIONAL Bank of Ser­bia (NBS) has re­viewed a de­ci­sion to add the Turkish lira to its list of cur­ren­cies that can be traded on the for­eign ex­change (forex) mar­ket.

The de­ci­sion on the Types of For­eign Ex­change and For­eign Cash to Be Pur­chased and Sold in the For­eign Ex­change Mar­ket, was adopted by the NBS Ex­ec­u­tive Board yes­ter­day.

The NBS was likely mo­ti­vated by Turkey’s share in Ser­bia’s for­eign trade and by the po­ten­tial of stronger eco­nomic co­op­er­a­tion be­tween the two coun­tries. The grow­ing num­ber of Turkish cit­i­zens vis­it­ing Ser­bia was also taken into ac­count.

The in­tro­duc­tion of the Turkish lira on the forex mar­ket will also bet­ter fa­cil­i­tate bi­lat­eral relations, pos­i­tively af­fect for­eign trade vol­ume, and pro­mote joint eco­nomic projects be­tween the two coun­tries.

The bank also re­ported that the Turkish lira will be in­tro­duced with the tag TRY and the nu­meral 949. The de­ci­sion will come into force on Dec. 1, 2017.

Turkey and Ser­bia, both hope­ful of join­ing the Euro­pean Union, de­cided to im­prove bi­lat­eral ties, in­vest­ments and trade dur­ing Pres­i­dent Re­cep Tayyip Er­doğan’s re­cent visit to Bel­grade.

Newspapers in English

Newspapers from Turkey

© PressReader. All rights reserved.