The United Arab Emirates and Bahrain have signed a currency swap agreement worth AED 20 billion (BHD 2 billion), marking a step towards closer financial cooperation and stronger economic ties between the two countries.
The agreement, signed during a virtual ceremony, brings together the UAE Dirham (AED) and the Bahraini Dinar (BHD) under a five-year arrangement. It was formalised by Khaled Mohamed Balama, Governor of the Central Bank of the UAE, and Khalid Humaidan, Governor of the Central Bank of Bahrain.
