Saudi Arabia deposits $5B in Turkish Central Bank

Saudi Arabia signed an agreement with Türkiye on Monday to deposit $5 billion in the Turkish Central Bank.A statement by the Saudi Fund for Development (SFD) said the agreement was signed by SFD chairman Ahmed Al-Khateeb and bank governor Sahap Kavciog…

Saudi Arabia signed an agreement with Türkiye on Monday to deposit $5 billion in the Turkish Central Bank.

A statement by the Saudi Fund for Development (SFD) said the agreement was signed by SFD chairman Ahmed Al-Khateeb and bank governor Sahap Kavcioglu.

“This deposit comes as an extension of the historic relations and close cooperation between the Kingdom of Saudi Arabia and the Republic of Türkiye and its brotherly people,” SFD said in the statement.

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.

Source: Anadolu Agency

Previous Article

ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Y-mAbs Therapeutics, Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – YMAB

Next Article

ROSEN, GLOBALLY RECOGNIZED INVESTOR COUNSEL, Encourages International Business Machines Corporation Investors with Losses to Secure Counsel Before Important March 14 Deadline in Securities Class Action Initiated by the Firm – IBM

Related Posts