Turkey persists with Doha outreach, despite complications

In depth
Issue 1094 - 13 Dec 2019 | 4 minute read

On his visit to Doha on 25 November for the Qatar Turkey Supreme Strategic Committee, President Recep Tayyip Erdogan gained a pledge to increase the limit on bilateral currency swaps from $3bn to $5bn. According to the Central Bank of the Republic of Turkey (TCMB), the financial engineering will boost bilateral trade in currencies and support the two countries’ financial stability. The meeting was marked with a range of other accords to increase co-operation between two key allies in the Middle East/North Africa region.

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