CBRT signed a swap agreement with the Central Bank of South Korea

Republic of Turkey the central bank Central Bank of South Korea with 17.5 billion TL (2.3 trillion won) to exchange does the trick.

In the announcement on the official website of the Central Bank of South Korea, it was stated that the agreement with CBRT will last for 3 years and the two sides can discuss the extension of the agreement.

In the announcement, it was stated: “This agreement is intended for the establishment of a payment system to develop trade by financing trade between the two countries with an exchange agreement, and financial cooperation of two countries for economic development. The two sides expect this agreement to strengthen cooperation between the institutions of the two countries. “

Meanwhile, CBRT officials confirmed the deal and said the announcement would be made later.

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