Qatar bolsters Turkey’s shrinking reserves

central-bank-of-the-republic-of-turkey
Central Bank of the Republic of Turkey. Photo: CBRT

Qatar has granted Turkey a $10 billion infusion of reserves, tripling the size of an existing swap line between the two countries.

The agreement was amended today (May 20) to raise the swap amount from $5 billion equivalent in Turkish lira and Qatari riyals to $15 billion. “The core objectives of the agreement are to facilitate bilateral trade in respective local currencies and to support financial stability of the two countries,” the Central Bank of the Republic of Turkey (CBRT) said in a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: