Turkey has stood steadfastly with Qatar prior to and during the ongoing illegal siege of Qatar.

As a sign of trust and brotherhood between the countries, HH The Emir Sheikh Tamim bin Hamad Al Thani had recently announced an investment of $15bn in the Turkish economy.

Now, Qatar’s Central Bank (QCB) has signed a currency swap agreement with the Central Bank of Turkey (CBRT) that is expected to promote bilateral co-operation between the two central banks.

With the measure, a two-way currency exchange line has been established.

The signing, which was held yesterday at the QCB headquarters, was attended by QCB Governor HE Sheikh Abdullah bin Saoud Al Thani and CBRT GovernorMurat Cetinkaya.

The swap will help facilitate exchange of trade between the two countries while providing liquidity and support for financial stability, reported The Peninsula.

Salem bin Mubarak Al Shafi, Qatar’s Ambassador to Turkey, had said earlier that many Qatari citizens had gone to currency exchanges with tens of millions of Dollars to buy Turkish lira to support and revive the strength of Turkish currency.

“We renew our firm stand with the brotherly Turkish people in their present ordeal,” he said.