TCMB - CBRT and CBUAE sign three agreements to deepen financial cooperation and enhance trade and economic relations between Türkiye and UAE (2025-52)
Central bank: tcmb | Type: decision | Date: 2025-10-02

CBRT and CBUAE sign three agreements to deepen financial cooperation and enhance trade and economic relations between Türkiye and UAE (2025-52)
No: 2025-52
October 2, 2025
CBRT and CBUAE sign three agreements to deepen financial cooperation and enhance trade and economic relations between Türkiye and UAE
The agreement and MoUs were signed by
in the presence of assistant Governors and senior officials from both parties.
The nominal size of the swap agreement is mutually TRY 198 billion and AED 18 billion. It is designed to promote bilateral trade with the aim of further strengthening financial cooperation between the two countries through providing local currency liquidity to financial markets, enabling more effective and efficient settlement of cross-border financial and commercial transactions.
The first MoU aims to establish a framework for promoting the use of the Turkish lira (TRY) and UAE Dirham (AED) in settling cross-border transactions. It endeavours to develop the foreign exchange market, facilitate trade and foreign remittances, boost investment, as well as accelerate economic growth and financial stability in both nations. The MoU specifically includes establishing a local currency settlement scope to expand the use of both currencies in all current and capital accounts transactions, and deepening the exchange of information and experience to achieve shared goals.
The second MoU aims to facilitate cross-border payment transactions and support the use of domestic payment cards, in alignment with the regulatory and supervisory requirements of both jurisdictions. It also encourages the exchange of expertise in developing central bank digital currency (CBDC) platforms for individuals and institutions. Additionally, the memorandum outlines the integration of the Türkiye’s FAST system with UAE’s instant payment platform (Aani) to enhance the efficiency of cross-border financial transactions. This includes linking electronic systems and switches in both countries to improve interoperability and operational effectiveness.
“These agreements reflect the shared commitment of both parties to advancing financial cooperation and fostering bilateral trade using local currencies, in support of broader economic relations and sustainable development goals. The agreements open up new opportunities to facilitate trade and investment relations between stakeholders in both countries. We look forward to exchanging expertise and experiences in payments and financial technology, and to accelerating the adoption of advanced technologies in the financial sector, including artificial intelligence, in ways that serve the economic and financial interests of both countries.”
CBRT and CBUAE sign three agreements to deepen financial cooperation and enhance trade and economic relations between Türkiye and UAE (2025-52)