Turkey finds way to increase its gold fund reserve

Turkey finds way to increase its gold fund reserve

Turkey plans to increase the country's gold reserve through the sale of old cars without owners, and confiscated ones as well.

According to Turkish media, local municipalities will sell abandoned or confiscated cars, and the proceeds from the sale of these cars will be placed in state banks, which will buy gold using these funds.

Earlier it was reported that the Central Bank of Turkey transferred to Turkey the gold reserve stored in Federal Reserve System of the US.

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