UAE and Bahrain Sign Dh20 Billion Currency Swap Agreement

Apr 8, 2026

48 min

Apr 8, 2026 15:30

UAE, Bahrain sign Dh20 billion currency swap agreement

## Currency Swap Agreement Details

The central banks of the United Arab Emirates and Bahrain have entered into a significant currency swap agreement valued at Dh20 billion, equivalent to BHD2 billion. This agreement, which was formalized during a virtual ceremony, is set to last for five years.

## Strengthening Financial Ties

This deal aims to bolster the financial cooperation between the two nations. Khaled Mohamed Balama, the Governor of the Central Bank of the UAE, highlighted the shared commitment of both countries to enhance monetary cooperation and strengthen trade and investment links. The agreement is expected to promote the use of local currencies and improve cooperation frameworks between the central banks.

## Economic Impact

Khalid Humaidan, the Governor of the Central Bank of Bahrain, noted that the agreement marks a significant milestone in the bilateral relationship, reflecting the strong ties between the two countries. It is anticipated to stimulate economic growth and reinforce financial stability, further advancing regional financial integration.

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