#Latest news with #NationalBankoftheRepublicAl Arabiya24-04-2025BusinessAl ArabiyaTurkey, Kazakhstan cenbanks sign $735 million currency swap arrangementThe Turkish Central Bank said on Thursday it had signed a bilateral currency swap arrangement with the National Bank of the Republic of Kazakhstan to promote bilateral trade through a swap-financed trade settlement facility. It said the swap arrangement, signed by the banks' governors in Washington, allows for the exchange of local currencies between the two central banks of up to 28.0 billion lira ($735 million) or 423 billion Kazakhstani tenge. The arrangement will be effective for three years and could be extended by mutual agreement between the two sides, it said.
Al Arabiya24-04-2025BusinessAl ArabiyaTurkey, Kazakhstan cenbanks sign $735 million currency swap arrangementThe Turkish Central Bank said on Thursday it had signed a bilateral currency swap arrangement with the National Bank of the Republic of Kazakhstan to promote bilateral trade through a swap-financed trade settlement facility. It said the swap arrangement, signed by the banks' governors in Washington, allows for the exchange of local currencies between the two central banks of up to 28.0 billion lira ($735 million) or 423 billion Kazakhstani tenge. The arrangement will be effective for three years and could be extended by mutual agreement between the two sides, it said.
24-04-2025
