22.2 C
New York
Monday, May 23, 2022

Turkey says central bank swap deal with Qatar to have $3 billion limit

Turkey says central bank swap deal with Qatar to have  billion limit© Reuters. Turkey says central bank swap deal with Qatar to have $3 billion limit

ISTANBUL (Reuters) – A currency swap agreement between the Turkish and Qatari central banks will have an overall limit of $3 billion, the Turkish central bank said in a statement on Monday.

The two central banks signed the deal on Friday to provide liquidity and support for financial stability, days after Turkey’s Gulf ally pledged $15 billion in support.

“The swap agreement has been signed over Turkish lira and Qatari riyal and concluded with an overall limit of $3 billion,” the central bank said in a statement on its website. The core objective of the deal was to facilitate bilateral trade in local currencies and support financial stability, it said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Investing.com

Related Articles

Stay Connected

11,298FansLike
12,893FollowersFollow
751FollowersFollow
- Advertisement -

Latest Articles

Popular Articles