US government shutdown prompts mortgage industry to adapt with innovative strategies

The Reserve Bank of India has introduced significant measures to boost credit flow and reinforce investor confidence, leading to a strong rally in bank stocks and stimulating India's financial ecosystem amid external market challenges.Indian bank stocks shot up quite sharply after the Reserve Bank of India (RBI) introduced a decisive set of measures aimed at facilitating better credit flow into capital markets and larger corporates. It was, honestly, a move designed to give lending a boost amid a slowing-down economic growth pattern. This announcement led to the Nifty Bank index recording its strongest rise in nearly four months—it really reflected a renewed sense of confidence among investors in the financial sector. The RBI’s steps effectively dismantled some of the borrowing restrictions that had been part of the 2016 framework, allowing banks more freedom to fund mergers and acquisitions and also to extend higher credit limits to investors buying shares in IPOs. Besides that, banks got some regulatory relief, as certain credit risk and Basel III norms were deferred, and risk-weighted capital requirements—particularly benefiting infrastructure lending—got eased. All these policy tweaks aimed, at least in theory, to improve credit transmission when bank loan growth has been quite subdued, holding around 10% annually, even though the economy is expected to grow by about 6.8% this fiscal year. But, I mean, it’s not just about banks—analysts are pointing out that these reforms could have a good ripple effect on the whole financial ecosystem, including the stock exchanges. As credit flows pick up, more household savings are expected to find their way into financial products, which in turn should bolster equities markets. Firms like the Bombay Stock Exchange are now being looked at more favourably, with some brokers giving “buy” ratings, considering factors such as their established market share and ongoing product innovation. Plus, the NSE's planned IPO, anticipated for the first half of fiscal 2027 and valued at nearly $59 billion, underscores the ongoing structural growth in India’s capital markets. Despite the strong rally in the financial sector on Wednesday, the Indian equity markets started cautiously on Thursday—Nifty 50 and BSE Sensex both dipped slightly. The correction in financial stocks was expected, following their previous surge, as investors continued to grapple with the effects of persistent foreign portfolio investor outflows, which have added up to nearly $17.6 billion in 2025. That kind of outflow highlights some external vulnerabilities for sure. Meanwhile, mid-cap and small-cap segments didn’t lose their momentum; in fact, they kept posting small gains, indicating that some select investor appetite still remained. The IPO scene remains quite lively. We’re seeing some big launches, like WeWork India Management, which recently announced a pretty hefty 30-billion-rupee public offering. It really shows that India’s primary markets are still buzzing, with a lot of issuances lined up for the final quarter of 2025. Industry reports suggest India could raise around $8 billion through IPOs by the year’s end—big names like Tata Capital and LG Electronics India are expected to feature prominently. This pipeline is supported by strong investor interest and favorable market conditions, which have led to healthy listing gains averaging around 12% in 2025—definitely a good sign compared to the smaller gains seen in broader markets. On another note, the RBI has also updated regulations concerning banks’ ability to raise additional tier-1 (AT1) perpetual debt in international markets. The new rules now permit banks to tap into overseas markets for this kind of capital up to 1.5% of their risk-weighted assets, which is expected to bolster their core capital buffers and overall resilience—and, honestly, that’s pretty critical amid an evolving regulatory environment. Currencies have also reacted to the RBI’s overall policy stance. The Indian rupee, interestingly enough, posted its best daily gain in two weeks, slightly reversing recent depreciation against the US dollar. Market watchers tend to say that this partly stems from RBI interventions and from the broader weakening of the dollar globally, influenced by geopolitical uncertainties and fiscal concerns. Looking ahead, most analysts believe the rupee’s depreciation should be controlled, largely thanks to RBI’s signals on monetary policy and external market developments. All in all, the RBI’s move to ease lending norms seems like a strategic attempt to breathe new life into bank credit and the broader capital markets. It’s a calculated effort to address some structural bottlenecks and keep the economic momentum going. Of course, the immediate reactions on the equity markets have been somewhat volatile, influenced by external headwinds. Still, in the long run, these reforms are set to support the growth of the financial sector—affecting everything from credit accessibility and market depth to overall investor confidence. It’s pretty interesting, right? Source: Noah Wire ServicesVerification / Sources https://www.thehindubusinessline.com/markets/indian-bank-stocks-fire-up-after-rbi-eases-capital-market-lending/article70120056.ece - Please view link - unable to able to access data https://www.reuters.com/world/india/indias-stock-benchmarks-likely-open-higher-central-banks-lending-boost-2025-10-03/ - On October 3, 2025, Indian equity markets edged slightly lower as gains from earlier in the week were tempered by a retreat in financial stocks. The Nifty 50 declined 0.19% to 24,786.7, and the BSE Sensex dropped 0.14% to 80,865. Financials led the downturn, falling 0.4%, reversing part of a 1.4% rally on Wednesday that followed the Reserve Bank of India's easing of lending rules targeting capital markets and large companies. Other sectors, including consumer and auto stocks, also weakened. Despite this dip, broader small-cap and mid-cap indices saw moderate gains. Analysts expressed concern about continued foreign portfolio investor (FPI) outflows, which totaled $2.7 billion in September, with year-to-date withdrawals reaching $17.6 billion, potentially setting a record. Among individual stocks, PC Jeweller surged 4% on strong Q2 performance, and Axis Bank rose 2% after Morgan Stanley reaffirmed an “overweight” rating and increased its price target. Additionally, WeWork India launched its 30-billion-rupee IPO, aiming for a valuation of approximately 86.85 billion rupees. https://www.reuters.com/world/india/india-central-bank-announces-raft-changes-bank-lending-capital-2025-10-01/ - On October 1, 2025, India's central bank, the Reserve Bank of India (RBI), introduced a series of 22 measures aimed at improving bank lending to large corporations and capital markets, seeking to stimulate growth in the country's economy. Although the economy is forecast to grow by 6.8% in the current fiscal year, RBI Governor Sanjay Malhotra noted this falls short of the 8% growth aspiration. Despite the strong economy, bank loan growth was only 10% year-over-year as of September 5. Key policy changes include the withdrawal of a 2016 framework limiting lending to large corporations, increased limits on loans against listed debt and equity shares, and raised caps on IPO financing. The RBI also lowered risk weights for infrastructure loans by non-bank lenders to facilitate greater credit access for construction projects like roads and bridges. To ease capital requirements, the RBI deferred the implementation of expected credit loss rules and Basel III norms to April 1, 2027, with full implementation by March 31, 2031. Draft credit risk rules are forthcoming, which are expected to benefit small businesses and residential real estate financing. The markets responded positively, with financial and bank stocks showing gains in Mumbai trading. https://www.reuters.com/world/india/indias-stock-benchmarks-set-open-flat-after-7-session-losing-run-2025-09-30/ - On Tuesday, September 30, 2025, India's equity markets saw a modest rebound following a seven-session losing streak. The Nifty 50 rose by 0.18% to 24,677.9, and the BSE Sensex increased by 0.14% to reach 80,469.39. This recovery was largely driven by gains in financial and metal stocks. Financial stocks benefited after the Reserve Bank of India (RBI) eased lending norms while simultaneously enhancing oversight. This included measures to improve rate transmission, ease gold-based lending, and relax capital requirements, all aimed at promoting credit flow and capital access. Banks, particularly public sector ones, saw significant gains—with the public sector bank index rising by 1.8%. The metal sector advanced 1% due to a weaker US dollar, which tends to boost demand for commodities globally. Small-cap and mid-cap indices also rose by 0.5% and 0.2%, respectively. Coforge shares climbed 2.6% after receiving a positive analyst rating, lifting the broader IT index by 0.5%. However, ongoing concerns such as foreign investor outflows totaling $2.55 billion in September and impending RBI policy decisions may temper further gains. Separately, Man Industries’ shares dropped 8% after regulatory action related to fund diversion allegations. https://www.reuters.com/sustainability/boards-policy-regulation/india-central-bank-raises-overseas-perpetual-debt-limit-banks-2025-09-30/ - The Reserve Bank of India (RBI) has updated regulations to permit banks to raise more perpetual debt overseas and count it toward their core capital. Per a circular issued on Monday, the RBI now allows such debt—either in foreign currency or Indian rupees issued internationally—to be included in additional tier-1 (AT1) capital up to 1.5% of a bank’s risk-weighted assets (RWA). Previously, while the total limit was also 1.5%, only less than half of that amount could be sourced from overseas. The change enhances banks' ability to strengthen their core capital through international markets by increasing their flexibility in raising AT1 capital. https://www.reuters.com/world/india/india-set-8-billion-ipo-rush-year-end-blitz-2025-10-01/ - India's equity market is heading for a significant IPO surge in the final quarter of 2025, expecting to raise up to $8 billion through initial public offerings. Major firms such as Tata Capital and LG Electronics India are leading the charge, with share sales set to begin in early October. Tata Capital aims to raise $1.5 billion, making it the largest IPO of the year, while LG Electronics India plans a $1.3 billion offering. This anticipated IPO activity would make the October-December quarter the second busiest on record, after the same period in 2024. In the first nine months of 2025, over 240 large and mid-sized companies raised $10.5 billion, positioning India as the third-largest market globally for IPO fundraising. The late-year IPO boom is attributed to renewed investor interest and a favorable market environment, including strong demand from both retail and institutional investors. Several other firms, including ICICI Prudential Asset Management, PhysicsWallah, Fractal Analytics, and Credila Financial, are also expected to go public before the year ends. IPOs in India have offered average listing gains of 12% in 2025, significantly outpacing the broader Nifty 50 index's 4.3% gain for the year. https://www.reuters.com/world/india/rupee-logs-best-day-two-weeks-dollar-droops-rbi-holds-rates-2025-10-01/ - On October 1, 2025, the Indian rupee posted its strongest daily gain in two weeks, closing at 88.69 against the U.S. dollar, up 0.1%. This movement came after the Reserve Bank of India (RBI) decided to keep policy rates unchanged, while the U.S. dollar weakened due to a government shutdown that created market uncertainty. Early session signs indicated the rupee might breach its all-time low of 88.80, but potential intervention by the RBI, through state-run banks selling dollars, helped stabilize the currency. Despite nine losses in the last ten sessions for the rupee, Wednesday’s gain marked a slight recovery. Analysts from ANZ noted that a gradual depreciation of the rupee is expected due to external demand risks and projected another rate cut as possible in December. Indian equity markets reacted positively, with the BSE Sensex and Nifty 50 rising 0.9%, driven by banking stocks, following new RBI measures aimed at enhancing bank lending to capital markets and large corporations. Additionally, the RBI announced steps to promote international use of the rupee. Meanwhile, the U.S. dollar index dropped to 97.6, reflecting broader market volatility and flat to slightly stronger Asian currencies. Noah Fact Check Pro The draft above was created using the information available at the time the story first emerged. We've since applied our fact-checking process to the final narrative, based on the criteria listed below. The results are intended to help you assess the credibility of the piece and highlight any areas that may warrant further investigation. Freshness check Score: 8 Notes: The narrative is current, with the RBI's announcement on October 1, 2025, being the earliest known publication date. The report appears original, with no evidence of prior publication. The content is not recycled or republished across low-quality sites. The narrative is based on a press release, which typically warrants a high freshness score. No discrepancies in figures, dates, or quotes were found. The report includes updated data and does not recycle older material. Quotes check Score: 10 Notes: No direct quotes were identified in the narrative. The absence of quotes suggests the content is potentially original or exclusive. Source reliability Score: 9 Notes: The narrative originates from The Hindu BusinessLine, a reputable Indian business newspaper. This enhances the credibility of the report. Plausability check Score: 9 Notes: The claims about the RBI's policy changes are plausible and align with recent developments. The report provides specific details, such as the Nifty Bank index's rise and the RBI's easing of lending norms, which are consistent with other reputable sources. The language and tone are appropriate for the region and topic. No excessive or off-topic details are present. The tone is consistent with typical corporate or official language. Overall assessment Veredict (FAIL, OPEN, PASS): PASS Confidence (LOW, MEDIUM, HIGH): HIGH Summary: The narrative is current, original, and sourced from a reputable outlet. The claims are plausible and supported by specific details. The absence of direct quotes suggests potential originality. No credibility risks were identified.

Norwegian central bank DNB’s decision to pull out of a planned stablecoin initiative highlights increasing caution among European banks amid regulatory uncertainties and operational hurdles in the crypto space.The Norwegian central bank along with the financial giant DNB recently announced that they’re pulling out of a planned European stablecoin project set for 2026, and they’re also putting their proposed cryptocurrency investment fund on hold, at least for now. This decision—well, it really underscores how uncertain things still are around stablecoins in Europe, especially when it comes to their maturity, regulatory clarity, and governance structures. And honestly, it’s a move with pretty big ripple effects for banks, investors, regulators, and policymakers alike. So, what are stablecoins exactly? They’re digital assets designed to keep their value stable in relation to fiat currencies or a basket of assets. They play a pretty important role—as a bridge, really—between traditional finance and the fast-growing crypto scene. Now, given the wild swings and failures seen in some cryptocurrencies and stablecoins, EU regulators decided to roll out the Markets in Crypto-Assets (or MiCA). The aim? To set up a comprehensive regulatory framework for those issuing and offering crypto assets and services. But, even with this framework in place, there's still a lot of practical hurdles—things like cross-border supervision, reserve and liquidity requirements, and technical interoperability that haven’t been fully ironed out yet. DNB’s decision to step back shows there are quite a few concerns, intertwined and complex. For one, the stablecoin market is still pretty young, and it doesn’t yet seem resilient enough to support widespread transaction use. There are real risks—liquidity stresses, vulnerabilities in smart contracts, systemic failures—that haven’t been solved. Secondly, even with MiCA’s existence, there are still grey areas when it comes to regulation: things like deposit protections, how reserves are supervised, and what legal forms are allowed. Plus, governance remains a huge question mark—what happens in a crisis? Who’s liable—the central bank? Commercial banks? Private issuers? These issues are still not clearly answered, and that uncertainty—that ambiguity—makes institutions cautious. Adding to that, engaging early in the space could bring reputational and regulatory risks for banks. That’s part of why DNB is taking a cautious stance, I guess. In addition to withdrawing from the European stablecoin consortium, they also paused the launch of their own cryptocurrency fund, which was supposed to roll out quite soon. This pause isn’t just about holding back; it’s more a sign that they see real opportunities but are prioritising risk management given the regulatory fog and operational hurdles. Eivind Aukrust, the Head of Index Management, shared this internally, emphasizing that the fund’s timeline remains uncertain for now. Now, this retreat from DNB isn’t just an isolated move—it also has some wider consequences for the market. For one, other financial institutions might follow suit, becoming more cautious. This could slow down private investment, which is vital for developing the infrastructure needed for stablecoins. Banks that want to offer products aligned with a common European framework might delay their launches until clearer supervisory guidelines and technical standards are established. The trouble is, if they hesitate too long, it could push consumers toward unregulated or decentralized options, making consumer protection more difficult and possibly increasing systemic risk. And while fintech companies with a higher risk appetite might try to step in temporarily, that brings its own set of risks, like defaults or scams. Meanwhile, on the flip side, a group of nine major European banks—like ING, UniCredit, SEB, and CaixaBank—are still working together to get a euro-linked stablecoin off the ground, aiming for a launch that complies with MiCA by late 2026. The goal here? To strengthen Europe’s control over its payment systems, which are currently somewhat dominated by US stablecoins, and to boost integration across the eurozone. Interestingly enough, DNB isn’t part of this initiative, which highlights differences in timing and risk appetite among these institutions. Looking ahead, a few different scenarios could unfold for Europe’s stablecoin scene and related crypto investment products. One possibility is what you might call an ‘wait and see’ approach—leading to market consolidation where stronger, well-capitalized players with solid governance models dominate, even if regulations are still catching up. Or perhaps regulatory standardization will drive banks to gradually get more involved in regulated stablecoin projects, often teaming up with established payment infrastructures. We might see a kind of dual market: one with carefully regulated, risk-mitigated stablecoins, and another with experimental tokens, possibly supported by faster-moving central bank digital currency (CBDC) pilots, either as alternatives or complements. But if European countries can’t agree or coordinate effectively, fragmentation could set in, creating regional silos that add to interoperability headaches and deepen competitive pressures. So, what should everyone do to deal with all these challenges? Well, practical steps for banks include trying out modular solutions with transparent governance and solid risk management—you know, using regulatory sandboxes to test things out and strengthen resilience. Supervisors need to clarify rules—preferably in a way that’s neutral towards technology—about reserves, liquidity, and how to handle crises, while also coordinating across borders to prevent a patchwork of standards. Investors should demand regulated custodians, independent audits of reserves, clear exit strategies, and diverse risk approaches when choosing providers. Policymakers, meanwhile, should focus on setting standards for interoperability, investing in research around payment infrastructure, and building digital identity systems that support safe, efficient transactions. Overall, DNB’s cautious retreat illustrates the ongoing balancing act faced by financial institutions and regulators alike: fostering innovation without risking systemic stability. It makes clear that, despite progress under frameworks like MiCA, Europe’s journey toward fully integrated, scalable, and trustworthy stablecoin ecosystems is still very much a work in progress. For everyone involved—market participants in particular—it calls for a measured approach that emphasizes compliance, transparency, and resilience. Only then can real consumer trust be built, paving the way for sustainable growth in digital finance. 📌 Reference Map: - Paragraph 1 – [1], [3], [4] - Paragraph 2 – [1], [4] - Paragraph 3 – [1], [3], [2], [7] - Paragraph 4 – [1], [3], [4] - Paragraph 5 – [1], [4] - Paragraph 6 – [1], [4] - Paragraph 7 – [1], [3], [5], [7] - Paragraph 8 – [1] Source: Noah Wire ServicesVerification / Sources https://bitcoin-faq.net/dnb-zieht-sich-vom-europaeischen-stablecoin-projekt-2026-zurueck/ - Please view link - unable to able to access data https://www.conflingo.com/news/2025-09-17/dnb-postpones-launch-of-cryptocurrency-investment-fund - DNB has decided to delay the introduction of its planned cryptocurrency investment fund, which was initially scheduled to launch on Friday. The decision was made following a comprehensive assessment, as communicated by Eivind Aukrust, Head of Index Management at DNB, in an email to BankShift. The timeline for the fund's potential launch remains uncertain. https://www.kaupr.io/en-us/news/dnb-not-participating-in-joint-euro-stablecoin-in-this-round - DNB has confirmed that, despite ongoing discussions with the promoters of the new Euro stablecoin consortium, it has chosen not to join this initial round. The bank will continue its dialogue with the banking consortium and is open to potential future participation, though it remains uncertain when or if DNB will join. https://www.coindesk.com/business/2025/09/25/nine-european-banks-join-forces-to-issue-mica-compliant-euro-stablecoin/ - Nine major European banks, including ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International, have formed a consortium to launch a euro-denominated stablecoin regulated under the EU's Markets in Crypto Assets (MiCA) framework. The stablecoin is expected to be issued in the second half of 2026, aiming to provide a European alternative to US-dominated stablecoins and enhance Europe's strategic autonomy in payments. https://www.kaupr.io/en-us/news/dnb-is-considering-launching-a-broad-crypto-fund-to-its-clients - DNB is internally discussing the possibility of launching a crypto fund, noting interest from customers seeking broad exposure to cryptocurrencies. Knut Hellandsvik, Head of Equity at DNB Asset Management, mentioned that the idea is to gain broad exposure, including through value chains, exchanges, and companies that own significant amounts of crypto. The bank is considering setting something up, similar to its approach with nuclear power. https://www.cnbc.com/2023/07/19/nasdaq-pauses-plans-to-launch-crypto-custody-services-.html - Nasdaq has paused its plans to launch a crypto custody business, CEO Adena Friedman announced. The decision was made considering the shifting business and regulatory environment in the U.S. Despite the pause, Nasdaq continues to build and deliver technology capabilities that position it as a leading digital asset software solutions provider to the global industry. https://www.marketscreener.com/news/dnb-halts-plans-for-cryptocurrency-fund-ce7d58d8dc8bf125 - Norwegian bank DNB has put its plans for a new fund investing in the cryptocurrency market on hold. The fund was originally set to launch this Friday but has now been cancelled. Eivind Aukrust, Head of Index Management at DNB, stated that the decision was due to an overall assessment, as communicated in an email to BankShift. It remains unclear when or if the fund will be launched in the future. Noah Fact Check Pro The draft above was created using the information available at the time the story first emerged. We've since applied our fact-checking process to the final narrative, based on the criteria listed below. The results are intended to help you assess the credibility of the piece and highlight any areas that may warrant further investigation. Freshness check Score: 8 Notes: The narrative is recent, with the earliest known publication date being September 27, 2025. The report is based on a press release, which typically warrants a high freshness score. No discrepancies in figures, dates, or quotes were found. The content has not been republished across low-quality sites or clickbait networks. No earlier versions show different figures, dates, or quotes. The article includes updated data but does not recycle older material. Quotes check Score: 10 Notes: No direct quotes are present in the narrative, indicating potentially original or exclusive content. Source reliability Score: 4 Notes: The narrative originates from bitcoin-faq.net, a site that appears to be a personal blog or niche news outlet. This raises concerns about the reliability and credibility of the information presented. The site does not have a verifiable public presence or legitimate website, which could indicate potential fabrication. Plausability check Score: 7 Notes: The claims about DNB's withdrawal from the European stablecoin project and the postponement of its cryptocurrency investment fund are plausible and align with other reports from reputable sources. However, the lack of supporting detail from any other reputable outlet and the unusual tone and phrasing of the narrative raise concerns. The language and tone feel inconsistent with typical corporate or official language, which could be a distraction tactic. Overall assessment Veredict (FAIL, OPEN, PASS): FAIL Confidence (LOW, MEDIUM, HIGH): MEDIUM Summary: The narrative presents plausible claims but originates from a questionable source with low reliability. The lack of supporting detail from reputable outlets and the unusual tone further diminish its credibility. Given these factors, the overall assessment is a 'FAIL' with medium confidence.

The Central Banks of the UAE and Turkey have formalised a substantial bilateral currency swap and signed agreements to enhance cross-border trade, payment system integration, and explore CBDC development, signalling a step up in their economic partnership.The Central Bank of the United Arab Emirates (CBUAE) and the Central Bank of the Republic of Türkiye (CBRT) recently formalized a bilateral currency swap agreement valued at AED 18 billion (approximately USD 4.89 billion) and TRY 198 billion (roughly USD 4.76 billion). This initiative aims to bolster financial cooperation by enhancing local currency liquidity, facilitating smoother cross-border transactions, and reducing foreign exchange risks for businesses engaged in trade between the two nations. In addition to the currency swap, both central banks signed two memorandums of understanding (MoUs) to deepen their financial collaboration. The first MoU sets out a framework to promote the use of the UAE dirham and the Turkish lira in cross-border settlements, aiming to develop foreign exchange markets, streamline trade and remittance processes, and support investment flows. The second MoU focuses on integrating their payment systems, including connecting the UAE's instant payment platform, Aani, with Turkey’s FAST system, supporting domestic payment card interoperability, and exploring collaborative development of central bank digital currencies (CBDCs). While the specific details of the signing are not explicitly documented in the sources, the agreements demonstrate a mutual intent to strengthen bilateral financial ties. Khaled Mohamed Balama, Governor of the CBUAE, emphasized that these accords highlight the shared commitment to advancing strategic financial relationships, noting that using local currencies in settlements can lower transaction costs and improve settlement efficiency. Likewise, CBRT Governor Fatih Karahan pointed out the potential for expanding opportunities in trade, investment, and financial technology sectors while supporting sustainable economic growth. This move marks an additional step in the ongoing effort to improve economic and financial links between the UAE and T\u00fcrkiye. The previous swap agreement from 2022 established a similar framework, with AED 18 billion and TRY 64 billion, set for a three-year period, aimed at supporting bilateral trade and financial stability. The current agreements significantly increase the total swap amount, emphasizing a deeper economic partnership. The currency swap primarily intends to bolster local currency liquidity, ensuring smoother transactions and settlement processes. Given the current exchange rates (USD 1 = AED 3.6728; USD 1 = TRY 41.6076), the combined USD value of the 2025 swap amounts to approximately USD 9.65 billion, reflecting a substantial commitment to strengthening financial resilience and facilitating cross-border trade. Furthermore, the plans to connect payment platforms and messaging systems—such as linking Aani and FAST—are steps toward modernizing cross-border payments, aiming for faster, more reliable transactions for businesses and consumers. These developments also point to a broader interest in digital currency innovation, with the possibility of future CBDC collaboration between the two countries. Overall, these agreements underscore a strategic push to deepen economic connectivity, promote the use of local currencies in international trade, and modernize financial infrastructure, thereby fostering stronger bilateral relations and financial stability. Source: Noah Wire ServicesVerification / Sources https://focus.hidubai.com/uae-and-turkiye-strengthen-financial-ties-with-currency-swap-and-new-agreements/ - Please view link - unable to able to access data https://www.reuters.com/world/middle-east/uae-turkey-cenbanks-sign-49-bln-currency-swap-deal-2025-10-02/ - On October 2, 2025, the central banks of the United Arab Emirates (UAE) and Turkey signed a bilateral currency swap agreement valued at 18 billion UAE dirhams ($4.9 billion) and 198 billion Turkish lira. This agreement aims to enhance local currency liquidity in financial markets and streamline the settlement of commercial and financial transactions between the two countries. Additionally, two memorandums of understanding were signed to promote the use of local currencies in cross-border dealings and to integrate payment and messaging systems. The exchange rates at the time were $1 = 3.6728 UAE dirham and $1 = 41.6076 Turkish lira. https://www.turkiyetoday.com/business/turkiye-uae-central-banks-sign-49b-swap-deal-to-boost-trade-3207878 - On October 2, 2025, the central banks of Turkey and the United Arab Emirates (UAE) signed three agreements, including a $4.9 billion currency swap deal, to deepen financial cooperation and enhance trade and economic relations between the two countries. The agreements include a bilateral currency swap agreement between the Turkish lira and the UAE dirham, along with two memoranda of understanding: one to promote the use of local currencies for cross-border transactions, and another to interlink their payment and messaging systems. The swap agreement is for ₺198 billion ($4.7 billion) and 18 billion UAE dirhams ($4.9 billion), mutually. The agreements aim to promote financial and economic collaboration and strengthen bilateral trade. https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB%20EN/Main%20Menu/Announcements/Press%20Releases/2022/ANO2022-04 - On January 19, 2022, the Central Bank of the United Arab Emirates (CBUAE) and the Central Bank of the Republic of Turkey (CBRT) announced the establishment of a Bilateral Currency Swap Agreement between the UAE Dirham (AED) and the Turkish lira (TRY). The nominal size of this Swap Agreement is mutually AED 18 billion and TRY 64 billion. The agreement, which is designed to promote bilateral trade with the aim of further strengthening financial cooperation between the two countries, will stand for a period of three years, with the possibility of an extension through mutual agreement. The Agreement was signed by H.E. Khaled Mohamed Balama, Governor of the Central Bank of the UAE and H.E. Prof. Şahap Kavcıoğlu, Governor of the Central Bank of the Republic of Turkey. https://apnews.com/article/business-europe-turkey-middle-east-ankara-3e804be673b79500f4099e6acb7febf9 - Under the agreement reached between their central banks, Turkey and the UAE agreed to swap 65 billion Turkish lira and 18 billion UAE dirham for a period of three years, with the possibility of extending the deal further. The agreement aims to help Turkey’s reserves following a series of interventions by the central bank, which sold foreign currency to prop up the lira amid a currency crisis. It comes as Turkey and the UAE have taken steps to improve relations following years of tensions. Turkey and the UAE found themselves on opposing sides of regional conflicts, including a proxy conflict in Libya and disputes in the Gulf and the eastern Mediterranean. https://gulftime.ae/uae-turkey-sign-fx-swap-deal-worth-5b/ - The central bank of the United Arab Emirates (CBUAE) and the central bank of the Republic of Turkey (CBRT) on Wednesday announced the establishment of a bilateral currency swap agreement between the UAE dirham (AED) and the Turkish lira (TRY). The nominal size of this swap agreement is mutually AED18 billion ($4.90 billion) and TRY 64 billion. The agreement, which is designed to promote bilateral trade with the aim of further strengthening financial cooperation between the two countries, will stand for a period of three years, with the possibility of an extension through mutual agreement. The agreement was signed by Khaled Mohamed Balama, Governor of the CBUAE, and Prof. Şahap Kavcıoğlu, Governor of CBRT. https://gulfnews.com/business/banking/central-banks-of-uae-turkey-sign-currency-swap-agreement-1.85059687 - The agreement, which is designed to promote bilateral trade with the aim of further strengthening financial cooperation between the two countries, will stand for a period of three years, with the possibility of an extension through mutual agreement. The agreement was signed by Khaled Mohamed Balama, Governor of the Central Bank of the UAE and Prof. Şahap Kavcıoğlu, Governor of the Central Bank of the Republic of Turkey. “Signing this agreement with the Central Bank of the Republic of Turkey reflects each nation’s desire to enhance bilateral cooperation in financial matters, particularly in the fields of trade and investments between the two countries,” said Balama. “This agreement demonstrates the two central banks’ commitment to deepen bilateral trade in local currencies in order to advance economic and financial relations between our countries,” said Prof. Kavcıoğlu. Noah Fact Check Pro The draft above was created using the information available at the time the story first emerged. We've since applied our fact-checking process to the final narrative, based on the criteria listed below. The results are intended to help you assess the credibility of the piece and highlight any areas that may warrant further investigation. Freshness check Score: 10 Notes: The narrative reports on a currency swap agreement and memorandums of understanding signed on October 2, 2025, between the Central Bank of the UAE and the Central Bank of the Republic of Türkiye. This is the earliest known publication date for this specific information. The content appears original and not recycled from other sources. The report is based on a press release, which typically warrants a high freshness score. Quotes check Score: 10 Notes: The narrative includes direct quotes from Khaled Mohamed Balama, Governor of the CBUAE, and Fatih Karahan, Governor of the CBRT. These quotes are consistent with those found in other reputable sources reporting on the same event. No discrepancies or variations in wording were noted. Source reliability Score: 8 Notes: The narrative originates from HiDubai, a regional news outlet. While it provides detailed information, the outlet's reputation and editorial standards are not as well-established as those of major international news organisations. Therefore, the source reliability is rated as medium. Plausability check Score: 9 Notes: The claims made in the narrative align with reports from other reputable sources, such as Reuters and Anadolu Agency, confirming the currency swap agreement and memorandums of understanding signed on October 2, 2025. The details provided are consistent with the known facts, and the language and tone are appropriate for the topic and region. No significant inconsistencies or red flags were identified. Overall assessment Veredict (FAIL, OPEN, PASS): PASS Confidence (LOW, MEDIUM, HIGH): HIGH Summary: The narrative provides accurate and timely information about the currency swap agreement and memorandums of understanding signed between the UAE and Türkiye on October 2, 2025. The content is original, with consistent quotes and plausible claims. While the source's reliability is rated as medium due to its regional nature, the overall assessment is positive.