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15 September 2026

Turks often keep gold as a hedge against inflation. It may be hurting Turkey's future

Downunder Voices Newsroom

Source reporting: NPR News

Turks often keep gold as a hedge against inflation. It may be hurting Turkey's future

Billions of dollars worth of gold is held in Turkish households outside the banking system. The government aims to convince citizens to put it into the mainstream financial system to help the economy.

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