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Tag: Turkey

Turkish currency crisis: Erdogan appeals for gold purchases

Turkish President Recep Tayyip Erdogan may be debatable, but at least in terms of gold the head of state has an opinion which will please dealers in this country: In a speech Erdogan called on his countrymen to convert their foreign exchange into gold. However, the surprising recommendation is not a covert campaign for gold traders, but has been assessed by the portal “Zero Hedge” to have a domestic political background: Foreign currencies should be exchanged in Turkish lira and...

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