The Central Banks of Türkiye and Saudi Arabia signed a memorandum of understanding to strengthen cooperation.
Fatih Karahan, Governor of the Central Bank of the Republic of Türkiye, and Ayman Al-Sayari, Governor of the Saudi Central Bank, signed the memorandum of understanding in Riyadh.
In March, Saudi Arabia and Türkiye signed an agreement to provide five billion dollars in investment support to the Central Bank of Türkiye through the Saudi Fund for Development to stabilise the Turkish lira exchange rate.