Economy, Domestic Economy
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Iran Trade With Turkey Rises 2%

As of mid-April, Iran and Turkey started implementing a deal to use their national currencies in mutual trade.   As of mid-April, Iran and Turkey started implementing a deal to use their national currencies in mutual trade.   

Iran’s total commercial exchanges with Turkey totaled $3.62 billion during the first four months of 2018, registering an increase of 2.11% compared with last year’s corresponding period, according to Turkish Statistical Institute.
Iran exported $2.68 billion to the neighboring country during the four-month period, up by 7.32% year-on-year.
Iran's imports from Turkey during the same period stood at $945.25 million, registering a 10.26% decrease YOY.
As of mid-April, Iran and Turkey started implementing a deal finalized by the two neighboring countries last year to use their national currencies in mutual trade with the first letter of credit being opened by Bank Melli Iran on April 16.
 

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