Turkcell signs deal to purchase China’s Huawei products on local currencies

Turkcell signs deal to purchase China’s Huawei products on local currencies

ISTANBUL
Turkey’s leading mobile operator Turkcell has said it clinched a deal to purchase Huawei products in local currencies in a bid to support the country’s recent move to boost trade in local currencies rather than foreign exchanges, Reuters reported on March 13. 

President Recep Tayyip Erdoğan called for Turkish citizens and companies to convert their dollars or euros into Turkish Liras late in 2016. Many state-run and private companies announced that they would start to make their transactions in liras. 

Turkcell had earlier announced that it would start to make its investments, product and services purchases and rent contracts in liras. 

Turkcell CFO Bülent Aksu said the company accelerated its works to make its product and services purchases in local currencies or liras from their foreign suppliers. 

“We are happy to clinch our first commercial transaction in local currencies with our business partner Huawei,” Aksu added.
LATEST NEWS

  1. Türkiye will continue on path to energy independence, Erdoğan vows

  2. COP29 draft deal proposes rich nations give $250 bln in climate finance

  3. MPs pass reforms on internal security

  4. Romania set to hold presidential election

  5. Israel to end 'administrative detention' for West Bank settlers
Recommended

Over 47 million foreign tourists visit Türkiye in 10 months

AI firms seek accords with publishing giants to maintain growth

Competition authority launches probe into Mastercard, Visa

BP announces $7 billion gas project investment in Indonesia

Trudeau to send checks to millions of Canadians

SEC Chair Gensler to exit, clearing way for Trump pick

Volkswagen workers head towards strikes from December
WORLD

COP29 draft deal proposes rich nations give $250 bln in climate finance

A new draft deal at U.N. climate talks Friday proposes rich nations commit $250 billion a year to help poorer nations combat global warming in a bid to break the deadlocked negotiations.
ECONOMY

Over 47 million foreign tourists visit Türkiye in 10 months

Foreign tourist arrivals in Türkiye increased by 7.03 percent year-on-year in January-October to 47.3 million, according to data from the Culture and Tourism Ministry on Nov. 22.

SPORTS

Türkiye heads to Nations League playoffs after Montenegro loss

Türkiye spurned the opportunity to finish atop its group in the UEFA Nations League and qualify for League A directly with a 3-1 loss at Montenegro on Nov. 19 night.