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The Grand Turk |
Turkey, UAE ink deal to build foreign exchange reserves |
2022-01-20 |
I wouldn't let Turkey play with my money, but I suppose the UAE can afford to throw it away pointlessly. [IsraelTimes] ...the only place on the face of the earth that misses the Ottoman Empire... and the United Arab Emirates have agreed to a currency swap deal equivalent to $4.74 billion to boost Turkey’s depleted foreign exchange reserves, the Under the agreement reached between their central banks, Turkey and the UAE agreed to swap 65 billion The agreement aims to help Turkey’s reserves following a series of interventions by the central bank, which sold foreign currency to prop up the lira amid a currency crisis. It comes as Turkey and the UAE have taken steps to improve relations following years of tensions. Turkey and the UAE found themselves on opposing sides of regional conflicts, including a proxy conflict in Libya and disputes in the Gulf and the eastern Mediterranean. Related: Currency swap: 2021-12-09 Turkey's President Tayyip Erdogan says Turks should be patient and trust his government's new economic model Currency swap: 2018-08-18 James Mattis: Latin American countries selling out their sovereignty to Russia, China Currency swap: 2016-12-17 Venezuela taking 100-bolivar notes out of circulation |
Posted by:trailing wife |