Qatar making an effort to save the Turkish economy
Business

Qatar making an effort to save the Turkish economy

Turkish central bank announced on Wednesday that it has tripled its currency swap agreement with Qatar, securing much-needed funding as the country facing a widening fiscal deficit and potential full-year recession. The move amended the original limit of $5 billion on the two countries’ initial swap agreement in 2018, raising it to $15 billion. The Turkish lira dropped to the lowest level on record against USD earlier this month

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Wed May 20 - CNBC

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