Iran, Turkey put final touch National Currency Swap Agreement. A few weeks ago, as fraction of a mission to Ankara headed with CBI Governor Valiollah Seif, the central banks of Iran & Turkey signed a draft of the rial-lira currency swap licence with the goal of preparing the grounds for expanding economic & trade ties.
The Iranian delegation’s trip to Turkey was a follow-up for the Turkish President Recep Tayyip Erdogan’s visit to Tehran, which too pursued the goal of expanding bilateral banking releation & increasing bilateral trade.
Upon the successful implementation of the project, Iranian & Turkish citizens could easy benefit from mutual electronic banking services.
This Information Systems When the Turkish prime minister too believes which economic releation among Iran & Turkey going to promote out of both sides’ efforts.
The generality important topics of discussion were the transit route of Turkey to Qatar, which passes out of Iran, damages sustained with Iranian drivers in Turkey & establishing an specialized Iran-Turkey road transportation committee.
Why the China-Korea Currency Swap does not Mean the THAAD Dispute Information Systems Over
After both countries agreed to expand the currency swap bargain in April 2016, Seoul 1st publicly expressed worries about the fate of negotiations earlier this year in January.
Adjusting our characterization of China’s Stress on South Korea makes further sense, particularly in the context of increasing bilateral trade.
Despite the row over THAAD, South Korean exports to China have promoted with at least eleven % each month, year over year, in 2017.
Currency swaps are contracts among countries allowing each to draw difficult currency to help exit of or protect a financial crisis.
Among these agreements, the size of the currency swap with South Korea Information Systems 2nd just to Hong Kong.
Iranian, Turkish Central Banks Ink Currency Swap Deal
During a meeting among visiting Iranian 1st Vice-President Eshaq Jahangiri & Turkish Prime Minister Binali Yildirim in Ankara, Seif & Cetinkaya signed the currency swap deal.
The 2 sides had agreed on the draft document of the bargain during a meeting among the governors of the central banks of Iran & Turkey final week.
The bargain took influence in January 2016, terminating all nuclear-related sanctions on Iran.
In April final year, Iran & Turkey signed 8 memorandums of understanding (MoUs) to strengthen bilateral collaboration in several areas.
The collaboration documents were signed in a ceremony in Ankara attended with the 2 countries’ presidents.
collected by :Donald Luther