August 20, 2018

Turkey & Qatar seal currency swap deal to cut US dollar transactions

Qatar and Turkey have inked a currency swap agreement to boost liquidity and provide financial stability, Qatar’s central bank said, days after Doha pledged $15 billion of direct investment into Turkish markets.

The deal, which aims to boost cooperation between the countries, was clinched on Friday. The agreement will set up a two-way currency exchange line and facilitate exchange of trade between the nations, according to the Qatari central bank statement. Read more.


Turkey lira crisis: Turkey and Qatar sign currency swap agreement as US sanctions bite (video) - Express

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