Türkİye, Economy, Middle East
Turkish, Qatari central banks ink currency swap deal
Deal aims to enhance cooperation between two banks by setting a two-way currency exchange line
Tuba Şahin |
20.08.2018 - Update : 20.08.2018
DOHA, QATAR - AUGUST 19: Governor of Central Bank of the Republic of Turkey (CBRT), Murat Cetinkaya (3rd L) and Governor of Qatar Central Bank Sheikh Abdulla Bin Saoud Al-Thani (3rd R) pose for a photo after signing the swap agreement during the signing ceremony in Doha, Qatar on August 19, 2018. ( CENTRAL BANK OF THE REPUBLIC OF TURKEY / HANDOUT - Anadolu Agency )
Ankara
By Dilara Zengin
ANKARA
The central banks of Qatar and Turkey signed a currency swap agreement in the Qatari capital Doha.
According to sources from the Turkish central bank, the first step has been taken after Qatar pledged $15 billion of investment package in Turkey last Wednesday.
The agreement aims to enhance bilateral cooperation between two banks by setting a two-way currency exchange line.
It will provide liquidity and support for financial stability, along with facilitating
The funding for the first phase of the deal is expected to be worth $3 billion.
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