Reasonable questions are raised regarding the United Arab Emirates‘ defence assistance agreement with Greece following the signing of a colossal financial agreement between Ankara and Abu Dhabi for the exchange of 18 billion dirhams (5. 6 billion euros) and 64 billion Turkish pounds!

It is the second colossal economic agreement between the former enemies and also the second between the UAE, which has a military assistance agreement with Greece, and rival Turkey.

In total, in a very short period of time the UAE invests around 20 billion. euros to the Turkish economy.

The question that arises is this: how will the UAE defend Greece if it is attacked by someone in whom the Emiratis have invested 20 billion. euros; There is a gap in logic.

In essence, in two moves, R. T. Erdogan has neutralized the UAE‘s defence assistance agreement with Greece and rendered it a “dead letter“.

As pronews. gr has already written since yesterday, the Central Bank of the United Arab Emirates and the Central Bank of Turkey signed a colossal bilateral economic agreement for the exchange of currencies between the UAE dirham and the Turkish lira, according to the Emirates News Agency, WAM.

That is, the UAE gives Turkey 5. 6 billion. “hot” euros (the dirham is one of the world‘s “hardest” and most reliable currencies due to the UAE‘s economic boom) and receive 64 billion. turkish lira!

The agreement aims to strengthen economic and trade cooperation between the two countries and is valid for a period of 3 years, renewable by mutual agreement.

The agreement was signed by Khalid Balama, Governor of the Central Bank of the Emirates and Sihad Kotzioglu, Governor of the Central Bank of Turkey.

According to Balama, “the signing of the agreement with the Central Bank of the Republic of Turkey reflects the willingness of the two countries to strengthen bilateral cooperation in financial matters, especially in the areas of trade and investment. ”

For his part, Kotzioglu said, “The signed exchange agreement confirms the commitment of the UAE Central Bank and the Central Bank of Turkey to promote bilateral trade in local currencies in order to advance economic and financial relations between our two countries. “