The Central Bank of Turkey and the Central Bank of Azerbaijan are preparing to sign a SWAP agreement. The contract value is 1 billion euros. This means that the Central Bank of Turkey, will receive the manat, and give the lira in return. In the future, a mutual exchange will be made with the payment of interest on the agreed day. In order to protect foreign exchange reserves, the CBA of Turkey enters into similar swap agreements with different countries. In 2018, during the depreciation of ...
