Saudi Arabia deposits $5B in Turkish Central Bank

In December 2022, Saudi Finance Minister Mohammed bin Abdullah al Jadaan said the oil-rich kingdom will make a deposit of $5 billion in the Turkish Central Bank.

A statement by the Saudi Fund for Development said that the agreement was signed by SFD chairman Ahmed al Khateeb and bank governor Sahap Kavcioglu on Monday. In December 2022, Saudi Finance Minister Mohammed bin Abdullah al Jadaan said the oil-rich kingdom will make a deposit of $5 billion in the Turkish Central Bank.New era of comprehensive cooperation

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