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Business, Banking & Finance, Economy

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Governors of UAE and Turkey central banks to collaborate in banking sectors

CBUAE is the monetary policy regulator of the UAE.
By TRENDS Desk
February 18, 2022 11:29 pm
  • The currency swap agreement was signed in January 2022, which promotes the financial, commercial and investment interests of the two countries.
  • Senior officials from both the central banks were present in the meeting which was held in Abu Dhabi.

Governor of the Central Bank of the UAE (CBUAE) Khaled Mohamed Balama discussed cooperation with Sahap Sahap Kavcioglu, Governor of Central Bank of the Republic of Turkey, during a meeting in Abu Dhabi.

The two also discussed ways to develop and strengthen this collaboration in the financial and banking sectors, in light of the currency swap agreement.

The currency swap agreement was signed in January 2022, which promotes the financial, commercial and investment interests of the two countries.

Khaled Balama noted CBUAE is keen to take forward the economic relations between the two countries.

Senior officials from both the central banks were present in the meeting which was held on the sidelines of the official visit of Turkish President to the UAE.

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