Turkish, UAE central banks ink swap, cooperation agreements

Orientul Mijlociu

ISTANBUL The central banks of Türkiye and the United Arab Emirates signed three agreements , including a swap deal to strengthen financial cooperation and enhance trade and economic ties between the two countries. The deals include a bilateral currency swap agreement between the Turkish Lira and the UAE’s dirham, alongside two memoranda of understanding: One to promote the use of local currencies for cross-border transactions and another to interlink their payment and messaging systems. The

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