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The trade volume between the two countries was approximately US$455 million, with Turkey exporting US$161 million and importing US$294 million from Argentina by the end of 2019. [ 1 ] Flights from Istanbul to Buenos Aires via São Paulo commenced in December 2013 and are taking place on a daily basis.
Currency substitution is the use of a foreign currency in parallel to or instead of a domestic currency. [1]Currency substitution can be full or partial. Full currency substitution can occur after a major economic crisis, such as in Ecuador, El Salvador, and Zimbabwe.
The benchmark Turkey 10-year bond yield has risen by over 55% since May to its current level of 18.22 as of 2:00 p.m. ET. In addition, Turkey’s stock index is the worst-performing of the major ...
Argentina’s financial markets are closed for a local holiday, but the peso weakened slightly in partial trade to stand at around 353.58 to the US dollar. The value of the currency has plunged ...
All the figures below have been converted to U.S. dollars, as different countries report data in different currencies. The U.S. dollar equivalents have been calculated using currency exchange rates as well as the gold price at the reported date. Not all countries keep gold as reserves, to avoid physical storage costs and the risks associated ...
Argentina's monthly inflation came in at 6.3% in October, the government's INDEC statistics agency said on Tuesday, while inflation in the 12 months through October hit 88%, overtaking Turkey, as ...
Northern Cyprus does not have its own currency and has adopted the Turkish lira. Similarly, South Ossetia uses the Russian ruble. Therefore, 27 currencies are used in Europe: Albanian lek; Armenian dram; Azerbaijani manat; Belarusian ruble; Bosnia and Herzegovina convertible mark; Bulgarian lev; Czech koruna; Danish krone; Euro; Georgian lari ...