Turkey invites Venezuela to trade in local currencies
Turkey has invited Venezuela to use national currencies instead of the dollar in mutual trade in a joint campaign to bolster their economies in face of pressures by the administration of US President Donald Trump.
“We are so keen actually to use local currencies in our bilateral trade, not only between Turkey and Venezuela, but also between Turkey and other countries,” Turkish Foreign Minister Mevlut Cavusoglu was quoted by media as saying at a joint press conference in Caracas with his Venezuelan counterpart Jorge Arreaza.
"We always try to use local currencies in our transactions... given that the United States government has used the dollar as a tool of aggression. Many countries now prefer to use their local currencies.”
He accused the US administration of using dollar as a tool to attack other countries’ economies, adding that Turkey has been experiencing fluctuations in its currency, as a result of a recent attack against Turkish economy.
The Turkish minister further emphasized that Ankara condemned what he described as the interventionist methods by Trump’s administration against Caracas.
The most important illustration of such interventionist methods, he said, were the sanctions that he said were meant to isolate Venezuela.
Cavusoglu added that the Turkish government would do all in its capacity to help Caracas overcome the difficult situation brought on by United States-led and European Union and Canadian supported sanctions.
"I would like to insist, once again, that Turkey will continue to support Venezuela... We are against isolation measures. We are against sanctions. We favor dialogue and exchange between individuals," he said after meeting with his Venezuelan counterpart, Jorge Arreaza.
Elsewhere in his remarks, Cavusoglu said despite Venezuela going through a "critical period... several Turkish investors are interested" in the country because they acknowledge its potential.
In that vein, he said Turkish Airlines "plans to increase the frequency of its flights to Caracas" to one per day.
Arreaza, for his part, highlighted the "brotherhood" between Venezuela and Turkey, noting that "in times of attack, of siege" against his country, Turkey has "given them a helping hand, a sister's hand, and we have designed a formula of efficient cooperation."
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