News Snapshot:
Jun 13 2021, 6:19 PM Jun 14 2021, 2:12 AM June 13 2021, 6:19 PM June 14 2021, 2:12 AM (Bloomberg) -- (Bloomberg) -- Turkey signed a new $3.6 billion swap agreement with China, increasing the limit on their existing currency arrangement to $6 billion, Turkish President Recep Tayyip Erdogan said Sunday. The arrangement with one of Turkey’s biggest trading partners will allow the country to boost trade in local currency and avoid using dollars, supporting the central bank’s reserves. Erdogan, who spoke in Istanbul before traveling to Brussels for a NATO summit, didn’t say when the latest accord was...
