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🇺🇸🇦🇷 Breaking: Senator Elizabeth Warren urges the U.S. Treasury to terminate the $20B US-Argentina currency swap, citing taxpayer risk and lack of transparency. Treasury officials defend the deal as a liquidity tool, not a bailout. Debate intensifies over U.S. financial exposure and geopolitical priorities.
#BinanceNews #USPolitics #argentina #CurrencySwap #GlobalMarkets
#BinanceNews #USPolitics #argentina #CurrencySwap #GlobalMarkets
UAE and Turkey Central Banks Sign Dh 18 Billion Swap Deal to Boost Bilateral Trade
The UAE and Turkey have signed a Dh18 billion (TRY 198 billion) bilateral currency swap agreement to boost trade and financial cooperation.
Alongside two MoUs, the deal promotes use of the dirham and lira in cross-border transactions, deepens FX markets, supports remittances, and links payment systems—connecting UAE's Aani with Turkey's FAST platform. It also encourages collaboration on central bank digital currencies (CBDCs).
Analysts say this move reduces dependence on hard currencies, cuts transactional friction, and helps manage currency volatility, strengthening UAE-Turkey economic ties amid rising regional local currency trade initiatives.
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#UAE #Turkey #CurrencySwap #DigitalCurrencies #GlobalTrade
Alongside two MoUs, the deal promotes use of the dirham and lira in cross-border transactions, deepens FX markets, supports remittances, and links payment systems—connecting UAE's Aani with Turkey's FAST platform. It also encourages collaboration on central bank digital currencies (CBDCs).
Analysts say this move reduces dependence on hard currencies, cuts transactional friction, and helps manage currency volatility, strengthening UAE-Turkey economic ties amid rising regional local currency trade initiatives.
🔸 Follow for tech, business, and market insights
#UAE #Turkey #CurrencySwap #DigitalCurrencies #GlobalTrade
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