DUBAI: Qatar and Turkey's national banks have consented to a money swap arrangement to give liquidity and support to monetary steadiness, Qatar's national bank said on Sunday, days after Turkey's Gulf partner promised $15 billion in help.
The assention, which was marked by the leaders of the two national depends on Friday, will build up a two-way money trade line, the Qatar Central Bank said in an announcement posted on its site.
Qatar's Emir this month affirmed a bundle of financial undertakings, ventures and stores for Turkey, giving a lift to the battered lira money, which has been hit by an enlarging cash emergency.
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