Publisher: Maaal International Media Company
License: 465734
Tuesday, 8 July 2025
Turkish Central Bank terminates deposit agreement with Saudi Fund for Development
The Central Bank of Turkey announced today that the agreement it signed with the Saudi Fund for Development in 2023, to deposit $5 billion with the bank, has been terminated by mutual agreement.
The Central Bank explained that external obligations have recently improved by about $7 billion by reducing deposit balances, according to Reuters.
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