Category : InternationalPublished on: April 13 2026
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The United Arab Emirates and Bahrain signed a major currency swap agreement worth AED 20 billion (BHD 2 billion) on April 8, 2026 for a period of five years. The pact, signed by their central banks, will enable exchange of UAE Dirham and Bahraini Dinar to facilitate smoother cross-border transactions, improve liquidity, and reduce reliance on global reserve currencies.
The agreement aims to strengthen bilateral trade, lower transaction costs, and enhance financial stability and economic integration in the Gulf region.
