Putin plans to order Russian banking systems to swap all Forex to TRY and CNY in 2025

Recently, some reports have revealed that the Russian President is now trying to use the Turkish Currency ($TRY) to improve all his international trade. A lot of opportunities are being created from the Russian side for Turkish Lira Currency and Turkish Banking services. Putin plans to order Russian banking systems to swap all $USD, $EUR, $CNY & $GOLD into $TRY in 2025. Turkiye has a biggest opportunity with Russian Currency, Exchanges, Stocks and Trades via $TRY. Russia and Turkey has best Bilateral Relationship with Energy, Tourism and Currency to play a key roles in EU, NATO, G20 and Economic strategies. In recent years, Russia and Turkey have established an multiple strategic partnerships, cooperating, regional security and counterterrorism treaties. Recently, according to some reports, it has been said that the top banks of Russia and Turkey are now thinking of doing work with RUB and TRY swaps to strengthen their international business, trade, and ties. Turkey and Russia have engaged in various banking, financial, trades, investment and project financing to move forward in their joint collaborations to increase the regional trades and financial services. President Trump of the United States called for all banks to stop using Chinese Forex reserves to avoid US sanctions worldwide. Trump has a biggest fear of BRICS Currency through Turkey, Brazil, UAE and India.

Putin plans to order RUB/TRY currency reserve to ditch USD, EUR, and Other Local Currencies.

Recently, they have been told that after the imposition of other Western sanctions on Russia, it has become very difficult due to Russian companies having to take the help of Turkish, Chinese and Indian currencies in doing international trades. But now it is being said that the current Russian President is considering Turkish currency and international trade and settlement with the Turkish Erdogan government. And recently it has been told that the Turkish Erdogan Government also wants to help Russia for BRICS+, Russia-Turkey, and International settlement so that the Turkish Lira (TRY) can get the greatest importance in the future. Turkey is the only country whose relations with every country are the best apart from NATO, China, the Middle East, Russia, and Latin America and the present government of Turkey has also remained neutral towards US and NATO. And on the other hand, the Russian President and Ukraine war can now play the best role for the Turkish currency. So now, have told that if the President of Turkey connects its financial and banking facilities with Russia then RUB/TRY can become the best-performing currency till date. Just as China, India and UAE are now the best international partners for Russia, in the same way Turkey, besides being a member of NATO, is also the biggest partner of Russia and the US. But now Putin has clearly said that if Turkey helps Russia’s international, banking, and financial systems in future then RUB/TRY pair will be the strongest currency pair in Europe. Russian banks will also increase forex reserve in TRY (Turkish Lira) and Other External Assets to bypass US sanctions, Western Payment solutions and Trade routes. By the way, Russia’s leading five export partners in 2024 were China, India, Turkey, Kazakhstan, and Brazil.