Common Contracts
1 similar Currency Swap Agreement contracts
CBUAE and NBE sign currency swap agreement and MoUs to promote the use of domestic currencies and interlink their payment and messaging systemsCurrency Swap Agreement • July 16th, 2024
The agreement allows the CBUAE and the NBE to swap local currencies with a nominal value of up to AED 3 billion and ETB 46 billion. This supports the financial and commercial cooperation between the UAE and Ethiopia through the provision of liquidity in local currencies to financial markets, enabling more effective and efficient settlement of cross-border transactions.
