Saudi Arabia and Turkey are in talks about Riyadh depositing $5 billion with the Turkish central bank, a representative for the Saudi Ministry of Finance said on Tuesday.
A Reuters inquiry was answered by the spokeswoman through email with the statement, ‘We are in final discussions to make a USD 5 billion deposit with the central bank of (Turkey).’
The Turkish central bank chose not to respond to a question about it. According to a Turkish official with knowledge of the situation, negotiations with Saudi Arabia over a swap or deposit agreement are nearing their conclusion.
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