Press Release on the Swap Amendment Agreement between CBRT and Qatar Central Bank (2020-29)

No: 2020-29

20 May 2020

Press Release on the Swap Amendment Agreement between CBRT and Qatar Central Bank

The swap agreement, which was signed on 17 August 2018 between the Central Bank of the Republic of Turkey (CBRT) and Qatar Central Bank (QCB), was amended. With the swap amendment agreement, the overall limit has been increased from USD 5 billion equivalent of Turkish lira and Qatari riyal to USD 15 billion equivalent of Turkish lira and Qatari riyal. The core objectives of the agreement are to facilitate bilateral trade in respective local currencies and to support financial stability of the two countries.

Contact

For further information, you may send an e-mail to basin@tcmb.gov.tr.