Russian ruble fall affects Turkish textile market
Baku, Azerbaijan, Dec. 19
By Rufiz Hafizoglu - Trend:
The Russian ruble fall is affecting the Turkish textile market, Sabah newspaper reported on Dec. 18.
After the ruble devaluation, Russian consumers' purchasing Turkish textile goods began to sharply decline. Moreover, this has negatively affected the sale of textile goods in the markets of Istanbul.
According to the Central Bank of Russia's data as of December 18, one euro is 84.5 Russian rubles and one US dollar equals 67.7 Russian rubles. On Tuesday, the ruble rate at auction fell to a historic low level - 80.1 rubles per dollar and 100.74 rubles per euro or by 11 rubles more compared to the previous level.
The Russian government together with the Central Bank discussed the difficult situation on the domestic currency market and outlined several measures to stabilize the situation, Russian Economic Development Minister Alexei Ulyukayev said after a meeting with the prime minister December 16.
edited by CN
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