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Saudi Arabia deposited USD 5 billion in Turkish central bank
Updated On: 06 March, 2023 04:33 PM IST | Dubai | AP
The kingdom made the announcement via a statement on the state-run Saudi Press Agency, describing it as "a testament to the close cooperation and historical ties that exist between the kingdom of Saudi Arabia and the Republic of Turkiye and its brotherly people"
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Saudi Arabia said on Monday it deposited USD 5 billion into the Turkish central bank, likely helping Ankara firm up its long-weakening currency, the lira, after last month`s massive earthquake that struck southeast Turkey and northern Syria.
The kingdom made the announcement via a statement on the state-run Saudi Press Agency, describing it as "a testament to the close cooperation and historical ties that exist between the kingdom of Saudi Arabia and the Republic of Turkiye and its brotherly people".
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