Tag: Lira
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Turkey Burned Gold to Defend the Lira. The Bigger Story Is Who Kept Buying
Turkey’s central bank has turned its gold reserves into a front-line currency defense tool, and the scale of the move is hard to ignore. In the week reported on March 26, the Central Bank of the Republic of Türkiye’s gold reserves fell by almost 50 tonnes to 772 tonnes, the biggest weekly drop since August…