Turkish, Qatari central banks ink currency swap deal
ANKARA – Anadolu Agency
The agreement aims to enhance bilateral cooperation between two banks through setting a two-way currency exchange line.
It will provide liquidity and support for financial stability, along with facilitating exchange of trade between Turkey and Qatar. The agreement will also contribute to enrichment of reserves of both countries, according to the source.
The funding for the first phase of the deal is expected to be worth $3 billion.