Türkiye bolsters gold reserves with 55-ton increase
13 oC
13 oC
Güneşli
13 oC
Güneşli
Türkiye's central bank significantly boosted its gold holdings in the first four months of 2024, according to data from the International Monetary Fund (IMF).
The data reveals that Türkiye acquired a substantial 55 tons and 564 kilograms of gold between January and April. This surge brings the country's total gold reserves to a hefty 781 tons and 957 kilograms.
This accumulation marks a continuation of Türkiye's focus on gold reserves. The nation's holdings stood at 542 tons at the close of 2022 and climbed to 726 tons by the end of 2023. The latest increase indicates an ongoing strategy to bolster its gold reserves. (ILKHA)
LEGAL WARNING: All rights of the published news, photos and videos are reserved by İlke Haber Ajansı Basın Yayın San. Trade A.Ş. Under no circumstances can all or part of the news, photos and videos be used without a written contract or subscription.
The White House confirmed Wednesday that U.S. President Donald Trump is weighing exemptions for the automotive industry from a wave of tariffs his administration recently announced, signaling potential relief for automakers and suppliers grappling with rising trade costs.
The Central Bank of the Republic of Türkiye (CBRT) and the National Bank of the Republic of Kazakhstan have signed a significant bilateral currency swap arrangement aimed at strengthening economic ties and facilitating trade between the two countries.
The Turkish Statistical Institute (TurkStat) reported on Thursday that confidence indices across key sectors declined in April compared to the previous month.
Turkish Finance Minister Mehmet Şimşek and Central Bank Governor Fatih Karahan met with U.S. Treasury Secretary Scott Bessent in Washington, in a meeting described as "constructive" and focused on strengthening Turkey-U.S. economic and strategic ties.
