Riyadh: Saudi Arabia has deposited 5 billion dollars in the Central Bank of Turkey to help earthquake-stricken Turkey.
According to the details, the foreign news agency has reported with reference to the Saudi News Agency SPA that Saudi Arabia has signed an agreement to deposit 5 billion dollars in the Central Bank of Turkey through the Saudi Fund for Development (SFD).
According to the report, the Saudi Arabian Development Fund statement said that with the decision of King Salman bin Abdul Aziz Al Saud and Crown Prince Mohammed bin Salman, an important decision has been made to strengthen the relationship between Turkey and Saudi Arabia.
According to the statement issued by the Saudi Fund for Development, this is proof that the two countries have close cooperation and historic brotherly relations. This important decision has been taken on the instructions of Saudi King Salman and Crown Prince Mohammed bin Salman.
It should be noted that Turkish Foreign Minister Mevlut Cavusoglu said some time ago about the normalization of relations with Saudi Arabia and the cooperation between the two countries regarding drones that Saudi Arabia, especially in recent days, has cooperated with Turkey. They shown greater commitment to closer cooperation and we welcome it.
The Turkish Foreign Minister said that our relations with Saudi Arabia have been normalized rapidly, so our cooperation in many fields, including defense industries, is increasing.
According to the report, Turkey’s net foreign exchange reserves were only around $6 billion last summer, the lowest level in at least 20 years, after a major earthquake struck the country’s south in early February. Since then, Turkey has lost about 8.5 billion. More than 45 thousand people were killed in the earthquake and millions were displaced.
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