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A surprising Saudi step towards the Turkish economy

Saudi Finance Minister Muhammad Al-Jadaan announced today that the Kingdom will place a deposit of five billion dollars in the Central Bank of Turkey “within days.”

In an interview with reporters, Al-Jadaan said, “There is a significant improvement in Riyadh’s relationship with Ankara, and the Kingdom is looking forward to investment opportunities in Turkey and other countries.”

The momentum of the talks between the central banks of the two countries comes after joint efforts between Ankara and Riyadh to mend relations that deteriorated after the killing of Saudi journalist Jamal Khashoggi in 2018 at the Kingdom’s consulate in Istanbul.

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