Turkey will switch to rubles, and trips will become cheaper?

The other day, financial institutions Russia and Turkey Agreement on settlements and payments in national currencies.

Does this mean that tours to the resorts of the Republic will become cheaper due to the lack of conversion?

Russian Finance Minister Anton Siluanov and Turkish Treasury and Finance Minister Berat Albayrak have signed an agreement between the two countries on payments and settlements in national currencies.

The document is aimed at the growth and gradual transition to the use of the ruble and lira in bilateral trade, expanding cooperation between banks.

The parties will issue debt securities on national markets to increase the level of liquidity in national currencies, and Turkey will expand the infrastructure for accepting Mir bank cards.

Experts of the travel market ambiguously assess the impact of the innovation on ordinary tourists, and so far they do not undertake to make long-term forecasts, recalling that now we are talking about simplifying the possibilities of mutual settlements in the national currency between countries.

Experts believe that direct conversion is not expected, since the exchange rate of the lira to the ruble will be determined through the euro or dollar.

Formation and calculation of the price of tours to Turkey by Turkish hotels and tour operators in rubles, experts also call impossible in the near future.

Source: atorus