Turkish Minister of Treasury and Finance Noureddine Al-Nabati met with Saudi Trade Minister Majid bin Abdullah Al-Qasabi in Istanbul on Sunday discussed bilateral relations.
nabatean, in Twitter post, said the meeting with Saudi trade minister It was very productive.
“During our meeting, we evaluated the economic, commercial and financial The cooperation between our countries and Nabati noted.
“We agreed with The minister To further develop our cooperation in these areas added.
Turkey and Saudi Arabia have this year I moved to mend relationships years later of Tensions escalated, especially after 2018 murder of Dissident Saudi journalist Jamal Khashoggi in Consulate of the Kingdom of Saudi Arabia in Istanbul.
President Recep Tayyip Erdogan visited Saudi Arabia in April , first High profile visit in Years. His trip was followed by the visit of Saudi Crown Prince Mohammed bin Salman to Turkey in Jun.
The two leaders also met last week on Sidelines of G20 summit in Bali, Indonesia.
Nabatean meeting with Saudi minister He came with a large delegation led by Saudi Investment minister expected to arrive in Turkey next Month.
Meanwhile, Saudi Arabia and Turkey currently Discussing the deposit of 5 billion dollars in the central bank of Republic of Turkey (CBRT), according to a recent statement by a spokesperson for the Saudi ministry of finance.
“we in final Discussions to make a $5 billion deposit with Center bank of (Turkish),” said the speaker in Email response to Reuters enquiry.
The Turkish Treasury and Finance Ministry later confirmed that Saudi Arabia had arrived final The theater in $5 billion deposit account with CBRT.
Ankara is expanding its reach options for external resources to support it policy of supporting Lira currency through balancing economysupply and demand for forex.
CBRT already he have total of $28 billion in Currency swap deals with UAE, China, Qatar and South Korea, bankers calculate about $23 billion to $24 billion already in Turkish central bank reserves.
