Buying Gold In Turkey

According to a bloomberg report the turkish central bank added 3 8 million ounces of gold worth almost 5 billion to its reserves this year.

Buying gold in turkey.

Turkey is buying gold. Officials say the number may be skewed higher due to commercial bank deposits. Turkey is known officially as the republic of turkey. The turkish government is a unitary parliamentary constitutional republic.

Currently sunning it up in icmeler at the moment. Hi has any one bought gold in turkey im going to icmeler soon and was hoping to buy our wedding rings for later in the year. Hasan ayhan followed his wife s instructions last week and took their savings to buy gold at istanbul s grand bazaar as turks scooped up bullion worth 7 billion in a just a fortnight. Local holdings of hard assets such as gold and u s.

Turkish citizens rushed to buy gold and u s. Dollars last week as their local currency plummeted to new record lows against the u s. Turkey has a population of approximately 80 000 000 making it one of the most populous countries in the world. But even if the central bank only purchased a third of that 3 8 million ounces it would still rank turkey among the top two or.

Dollars jumped by 15 billion in the last three weeks rising to a record level of nearly 220 billion reuters reported last week. The country s largest city is istanbul while its capital is ankara.