TCMB - Press Release on the Usage of the Chinese Yuan Funding (2020-33)
Central bank: tcmb | Type: decision | Date: 2020-06-19

Press Release on the Usage of the Chinese Yuan Funding (2020-33)
No: 2020-33
19 June 2020
Press Release on the Usage of the Chinese Yuan Funding
The utilization of swap agreement resources is important in terms of facilitating the use of local currencies in international trade payments and the easy access of Turkish firms to international liquidity. It is also considered to be an important step that will further strengthen the financial cooperation between Turkey and China.
Furthermore, commercial banks will be able to expand their product range corresponding to international trade and finance activities with a strategy based on the swap agreement.
The CBRT will continue to support swap agreements and utilization of these resources as well as the use of local currencies in international trade payments.
Press Release on the Usage of the Chinese Yuan Funding (2020-33)