Saudi Arabia is close to depositing $5bn in Turkiye Central Bank
23 Nov 2022; MEMO: Saudi Arabia is in discussions with Turkiye to deposit $5 billion in the Turkish Central Bank, Reuters reported a spokesman of the Ministry of Finance in Riyadh as saying on Tuesday.
"We are in final discussion to make a $5bn deposit with the Central Bank of Turkiye," the spokesman said in an emailed response to Reuters.
A Turkish official said that discussions are at the final stage with Saudi Arabia over a swap or deposit agreement. However, the Central Bank declined to comment on the issue.