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Turkey Buying Up Gold From Its Citizens To Protect The Turkish Lira

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Amidst serious devaluation of its national currency, the Turkish Lira, Turkey’s central bank has announced the launch of an incentive scheme to pursue Turkish residents to convert their gold deposits and participation funds into lira time deposit accounts. The Central Bank of the Republic of Turkey (TCMB) released a statement where it explained that their… Continue reading Turkey Buying Up Gold From its Citizens to Protect the Turkish Lira

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