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Turkey's central bank returns $5 billion Saudi Arabian deposit
Turkey's central bank said on Wednesday it had agreed with Saudi Arabia to end a $5 billion deposit deal it made with the kingdom last year.
The decision, made in accordance with an agreement with Saudi Arabian authorities, allows the Turkish central bank to reduce its foreign liabilities, according to a statement from the monetary authority.
The decision, made in accordance with an agreement with Saudi Arabian authorities, allows the Turkish central bank to reduce its foreign liabilities, according to a statement from the monetary authority.
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