Last Update 0:21
Monday, 26 October 2020

Turkey raises gold reserves by 23 tonnes

Data from the IMF shows that Turkey raised its gold reserve by 23 tonnes in August

Reuters, Wednesday 25 Sep 2013
Views: 552
Views: 552
Turkey's central bank raised its gold holdings by 23.344 tonnes in August to 487.351 tonnes, preliminary data from the International Monetary Fund showed on Wednesday.
Canada reduced its holdings by 0.03 tonnes, according to the IMF's website.
In July, Turkey lifted its gold holdings by 22.5 tonnes, the biggest increase among the 15 central banks that raised their gold reserves.
Gold holdings by central banks are keenly watched since, as a group, they became net buyers in 2010 after two decades as net sellers. The 2008 global economic crisis triggered resurgent official-sector interest in gold.
Short link:



© 2010 Ahram Online.