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How will the Turkish Lira perform against the US Dollar by the end of 2024?
4
Resolution / Starting Odds
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Exchange rate data from financial markets
Story
Turkey's Central Bank Returns $5 Billion to Saudi Fund for Development
Jul 24, 2024, 08:40 AM
Turkey's central bank has announced the termination of a $5 billion deposit transaction with Saudi Arabia. The deposit, made before the 2023 election, has been returned to Saudi Arabia following a rapid build-up in Turkey's reserves in recent months. The agreement to end the deposit, which was with the Saudi Fund for Development, was confirmed by both parties, marking a significant financial move for Turkey.
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