The share of the ruble in settlements with Africa has almost doubled

According to data from the Central Bank, the share of ruble settlements with Africa increased from 21.9% in 2022 to 48.1%
in 2024.
Additionally, there was a significant increase in the volume of ruble settlements with American countries, rising from 22.7% to 35.1%.
The share of the Russian currency with Asian countries increased slightly from 20.5% to 24%.
It has also been reported that the proportion of payments made in currencies of countries that are not friendly to Turkey, such as the euro and US dollar, has decreased significantly from 45.1% to 20.5%.
In addition, it was previously noted that the share of reserve currencies in Turkey's trade hit its lowest level since 2016 in December 2023, while the share of the ruble reached its highest level since 2020.