{"id":110791,"date":"2022-01-19T10:22:44","date_gmt":"2022-01-19T10:22:44","guid":{"rendered":"https:\/\/pressarabia.qa\/?p=110791"},"modified":"2022-01-19T10:22:44","modified_gmt":"2022-01-19T10:22:44","slug":"turkey-strikes-currency-swap-deal-with-uae-as-ties-warm","status":"publish","type":"post","link":"https:\/\/pressarabia.qa\/turkey-strikes-currency-swap-deal-with-uae-as-ties-warm\/","title":{"rendered":"Turkey strikes currency swap deal with UAE as ties warm"},"content":{"rendered":"<div style=\"width: 75px;height: 75px;border-radius: 50%;background: url(https:\/\/nordot-res.cloudinary.com\/c_limit,w_200,h_200,f_auto,q_auto:eco\/ch\/units\/721958051058909184\/profile_1.jpg);background-position: center;background-size: cover;vertical-align: middle\"><\/div>\n<div style=\"margin-left: 5px;font-size: 14px;font-weight: bold;vertical-align: middle\">Published by <br \/>Reuters<\/div>\n<div style=\"margin-top: 10px\"><\/div>\n<p>ISTANBUL (Reuters) -Turkey and the United Arab Emirates said on Wednesday they had agreed a nearly $5-billion swap deal in local currencies, in a sign of warming diplomatic ties that provides Ankara financial support as it faces economic turmoil. The deal between the countries&#8217; central banks comes after the regional rivals sought to repair relations that were badly strained in the wake of the 2011 Arab Spring uprisings. Turkey could tap the foreign currency to bolster its reserves, which on a net basis are at a two-decade low, after the central bank began costly market interventions last month&#8230;<!--more--><\/p>\n<p><a class=\"nordot-read-more \" target=\"_blank\" href=\"https:\/\/nordot.app\/856472548248748032?c=819177386184916992\" rel=\"noopener\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Published by Reuters ISTANBUL (Reuters) -Turkey and the United Arab Emirates said on Wednesday they had agreed a nearly $5-billion swap deal in local currencies, in a sign of warming diplomatic ties that provides Ankara financial support as it faces economic turmoil. The deal between the countries&#8217; central banks comes after the regional rivals sought [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":110793,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Turkey strikes currency swap deal with UAE as ties warm - Press Arabia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/pressarabia.qa\/turkey-strikes-currency-swap-deal-with-uae-as-ties-warm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Turkey strikes currency swap deal with UAE as ties warm - Press Arabia\" \/>\n<meta property=\"og:description\" content=\"Published by Reuters ISTANBUL (Reuters) -Turkey and the United Arab Emirates said on Wednesday they had agreed a nearly $5-billion swap deal in local currencies, in a sign of warming diplomatic ties that provides Ankara financial support as it faces economic turmoil. 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