Turkish, Qatari central banks amend swap deal limit
Overall limit increased to $15B equivalent of Turkish lira and Qatari riyal, up from $5B
The swap deal limit between the central banks of Turkey and Qatar has been amended to $15 billion equivalent of Turkish lira and Qatari riyal.
According to a statement from the Turkish Central Bank (CBRT) on Wednesday, the move aims to facilitate bilateral trade in respective local currencies and to support financial stability of the two countries.
The first deal worth $3 billion was signed in August 2018 and then raised to $5 billion in November 2019.
Previously, Turkish Treasury and Finance Minister Berat Albayrak said the country has been conducting talks to establish swap lines with members of G20, with more than one swap line possible.Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.