December 4, 2022

Saudi Arabia in talks to deposit $5bn into Turkey’s

Saudi Arabia in talks to deposit 5bn into Turkeys

Saudi Arabia in talks to deposit 5bn into Turkeys

Saudi Arabia is discussing a deal to inject $5bn into Turkey’s central financial institution in a transfer that might shore up Ankara’s overseas forex reserves and mark an extra signal of rapprochement between the regional rivals 4 years after the homicide of Jamal Khashoggi.

Riyadh and Ankara are in talks over the potential deposit, a Saudi finance ministry official mentioned, with out offering additional particulars. A Turkish finance ministry official confirmed that the 2 sides have been discussing a deposit….

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