USE OF TURKISH LIRA IN FOREIGN TRADE

Aysun Yerlikaya

Ekonomi Maliye Isletme Dergisi, 2019, vol. 2, issue 1, 13-28

Abstract: The instability in the United States (US) economy and the US Dollar has been a source of risk for other countries. For this reason, countries with large dollar reserves and using dollars in foreign trade are looking for alternative solutions on the one hand and trying to diversify their reserves on the other. In this study, the process of the dollar as a "key currency" and its contribution to the US economy, the convertibility process of the Turkish Lira, its use in foreign trade and the use of foreign currencies are discussed. Turkish Statistical Institute (TSI) between the years 2014-2018 by using trade data "Turkey's trade with national money" is examined numerically. The purpose of this study, Turkey is located between alternative solutions to reduce dependence on the dollar is to examine the progress of the utilization rate of the local currency.

Keywords: Reserve Money; National Currency; Foreign Trade (search for similar items in EconPapers)
JEL-codes: F1 F10 F19 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:gnx:emid43:2019-2-1-591562

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