Turkey Gets Currency Swap Deal with United Arab Emirates

Posted on 01/19/2022

The central banks of Turkey and the United Arab Emirates agreed to a 64 billion lira (US$ 4.71 billion) currency swap deal in local currencies that is for three years with the possibility of extension. The Turkish lira is in a spiral of currency devaluation and soaring inflation. The Turkish lira lost 44% to the […]

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