Libya and Turkey's central banks sign MoU for financial cooperation

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Libya and Turkey's central banks sign MoU for financial cooperation

August 31, 2020 - 20:23
Written by: AbdulkaderAssad

The Libyan and Turkish central banks signed on Monday a memorandum of understanding (MoU), laying out the terms for continued cooperation in economic and financial sectors.

The Turkish Central Bank said in a statement that with the MoU, the two central banks aim to foster economic relations and strengthen financial cooperation between the two countries.

"The banks will carry out activities to foster bilateral economic relations and strengthen financial cooperation and joint work in central banking services between the two countries." The statement reads.

In last November, The Libyan Government of National Accord and Turkey signed two MoUs for cooperation in maritime boundaries and security as well as defense fields.