The FX PostThe FX Post
    What's Hot

    FlatQube Trade Volume, Trade Pairs & Trust Score

    November 7, 2022

    Step Guide to Winning Forex Trading

    September 19, 2022

    Relationship Between Currency Risk and Foreign Bonds

    September 2, 2022
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home ยป Turkey Agrees to a New Currency Swap Deal Worth $3.6 billion-Erdogan
    Forex News

    Turkey Agrees to a New Currency Swap Deal Worth $3.6 billion-Erdogan

    June 15, 20211 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Turkey Agrees to a New Currency Swap Deal Worth $3.6 billion-Erdogan
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    President Erdogan announced the signing of a swap agreement between Turkey and China, expanding the limit of the currency agreement between the economies to $ 6 billion.

    • The deal will improve the trade in Turkey in local currency, reducing the use of US dollars, which grows the domestic reserves.
    • The first similar agreement was signed in 2012, allowing Turkish firms to pay for their Chinese imports using yuan.
    • Turkey has been looking for new swap funding to ease the economic pressures resulting from the pandemic.

    Prior to the new swap deal, the Turkish reserves were declining.

    BIST 100 Index gains +0.17 on news.

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    China currency Erdogan Turkey
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    China's clean power growth

    China’s Clean Power Growth Outlook for 2022 Maintains Getting Bigger

    June 24, 2022
    Cobalt obtains more affordable

    Cobalt Obtains More Affordable as China’s Purchasers Suffer From Battery Downturn

    June 21, 2022
    JPMorgan Chase & Co

    JPMorgan Strategists See Equity Stress Relieving in Second Fifty Percent

    June 21, 2022
    US Fed Hikes Benchmark Interest Rate

    US Fed Hikes Benchmark Interest Rate by 0.75% to 1.75%, Highest Level since March 2020

    June 16, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    50  −    =  44

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • FlatQube Trade Volume, Trade Pairs & Trust Score
    • Step Guide to Winning Forex Trading
    • Relationship Between Currency Risk and Foreign Bonds
    • Best Social & Copy Trading Platforms
    • Bitcoin Dips Listed Below $20,000 With Fundstrat Considering ‘Last Washout’
    Featured Reviews
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    CryptoHero

    CryptoHero Review: Pros, Cons, Recommendations

    June 3, 2022
    Bitsgap

    Bitsgap Review: Pros, Cons, Recommendations

    April 29, 2022
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2023, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.