Saudi Arabia Set to Deposit $5 Billion at Turkish Central Bank

  • Saudi finance ministry says talks are in ‘final’ stages
  • Turkey has been seeking financial assistance from Gulf states
Lira exchange rates outside a currency bureau in Istanbul.Photographer: Moe Zoyari/Bloomberg
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Saudi Arabia is set to deposit $5 billion at Turkey’s central bank, a major boost for President Recep Tayyip Erdogan’s bid to keep the lira stable ahead of presidential elections next year.