Turkey repatriates gold from US in bid to ditch dollar

Turkey repatriates gold from US in bid to ditch dollar

Turkey has decided to bring back all its gold stored in the US Federal Reserve, according to Turkish media. In recent years, Ankara repatriated 220 tons of gold from abroad, and 28.7 tons was brought back from the US last year. Turkey’s gold reserves are estimated at 564 tons and are worth about $20 billion, Turkish newspaper Yeni Safak reported.

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