Turkey withdraws its gold reserves from US

Turkey withdraws its gold reserves from US

Turkey’s Central Bank has transferred its gold reserves stored in the US Federal Reserve System to Turkey, Turkish media reported, citing sources in the government.

The total volume of the gold reserves of Turkey’s Central Bank stored in the US was 220 tons.

Other Turkish banks, Ziraat and Vakifbank, have also started transferring a gold reserve of 95 tons from the US to Turkey.

Turkey's Central Bank’s gold reserves amounted to $25.3 billion in March 2018, according to the bank’s report.

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