Qatar offers Turkey relief by tripling FX swap line to $15 billion

  • 📰 Reuters
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Turkey secured a tripling of its currency-swap agreement with Qatar to $15 billion, the central bank said on Wednesday, providing some much-needed foreign funding to reinforce its depleted reserves and help steady the Turkish lira.

FILE PHOTO: Turkey Lira banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

The lira touched a historic low earlier this month as investors fretted over a drop in the central bank’s net FX reserves and the country’s relatively high foreign debt obligations, accelerating Ankara’s overseas funding search. Under the facility, the central bank in Doha would accept Turkish lira in exchange for Qatari riyals.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Dmoojah طبعا هذا مو حلب ابدا الحلب انك تدفع فلوس وتاخذ اسلحة😂 الله يمحق الاخوان ومن عاونهم او تعاطف معهم

It’s Kevin from the Office

Islamist support each other

nonsense ! there is no usd here. Qatar will exchange riyal with TL and Turkey the same. If Turkey goes London to get Usd by selling Riyal than Riyal will reduce against Usd, and Qatar implement the same than TL will. the agreement is only for showing high reserve to markets.

This is not an important news for the world. Why do you share it? Do you share everything like this?

It likes giving addicted 2 cocaine lines.

Both supporters of Islamic fundamentalists!

Ikhwan al-Muslimin

Might the oil money save them!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Turkish central bank triples Qatar currency support deal to $15 billion as economy floundersThe move secures much-needed funding as the country of 82 million burns through its reserves and faces a widening fiscal deficit. Qatar is a puppy if Erdogan! Qatar is screwed. Paraphrasing The Princess Bride, 'Don't ever go against a Turk when money is on the line.' They were in business with ISIS the entire time.
Source: CNBC - 🏆 12. / 72 Read more »

Libyan Warlord Slows Offensive as Turkey Turns War’s TideLibya has become a battleground for rivals in the Middle East, and a security crisis on Europe’s doorstep. জংগীবাদ সনত্রাস বাদ মানুষের জীবন কেড়ে নেওয়া ছাড়া আর কিছুই দিতে পারে না। বিশ্ব সমপ্রদায় ঐক্যবদ্ধ ভাবে জঙ্গি বাদ মোকাবিলা করা প্রয়োজন। Can everyone please say now: “Thank you Hillary Clinton and Barack Obama”?!?!? All thanks to Obama and Cameron.
Source: WSJ - 🏆 98. / 63 Read more »

Qatar Airways cabin crew to wear hazmat suitsQatar Airways is one of several airlines to introduce PPE for its cabin crew due to the coronavirus. All flight attendants for Qatar's flag carrier will wear a hazmat suit over their uniforms, along with safety goggles, gloves and a mask during flights. Good to be safe Hilarious It Wasn't The 'Virus' That Crashed The Economy — It Was The Democrats.
Source: CNN - 🏆 4. / 95 Read more »

Qatar halts all commercial activities until end of MayQatar tightened restrictions on commercial activities on Monday, ordering all shops to close until the end of the month as part of measures to stem the spread of the novel coronavirus. الله يستر LOL! It's Ramadan, NewbieNews
Source: Reuters - 🏆 2. / 97 Read more »

Qatar Airways changes new unlimited change policy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Turkey condemns pig's-head vandalism of German mosqueForeign Minister Mevlut Cavusoglu has criticised an Islamophobic, racist 'attack,' in which perpetrators mounted a pig's head on the door of a Turkish-run mosque in the city of Vaihingen.
Source: trtworld - 🏆 101. / 63 Read more »