Central Bank's Decision on 'Gold Kept Under the Mattress': That Circular Has Been Revoked.
5 Articles
5 Articles
The Central Bank has repealed the circular issued in 2022 regarding the integration of physical gold held "under the mattress" into the financial system.
The Central Bank of the Republic of Turkey (TCMB) has repealed the circular regarding the integration of physical gold assets into the financial system, which had been in effect since 2022.
The Central Bank's support for those who converted their gold reserves into Turkish Lira has ended.
The Central Bank has abolished the regulation, launched in 2022, that aimed to bring citizens' physical gold holdings into the financial system. The decision was published in the Official Gazette and entered into force.
Support for Those Converting Gold to Turkish Lira Has Ended! The Central Bank Has Made Its Decision.
The Central Bank has repealed the 2022 circular regulating the conversion of physical gold into Turkish lira deposit and participation accounts. This has ended the price difference support and additional return provided to account holders.
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