Baku, Azerbaijan, April 23
By Rufiz Hafizoglu - Trend:
Turkey plans to increase the country's gold reserve through the sale of old cars without owners, and confiscated ones as well, Turkish media reported on April 23.
It is reported that local municipalities will sell abandoned or confiscated cars, and the proceeds from the sale of these cars will be placed in state banks, which will buy gold using these funds.
The Turkish authorities have not commented on this information.
Remind that earlier it was reported that the Central Bank of Turkey transferred to Turkey the gold reserve stored in Federal Reserve System of the US.
It was reported that the total volume of gold reserve of the Central Bank of Turkey stored in the US was 220 tons. Media sources revealed, that other Turkish banks - Ziraat Bank and Vakıfbank also started work on the transfer of gold reserve in the volume of 95 tons from the United States to Turkey.
The reasons for the transfer of gold reserves from the United States to Turkey have not been revealed.
The Central Bank of Turkey stated, at the end of March 2018, the gold reserve of the Bank amounted to $25.3 billion.
Over the past 23 years (1995-2017) Turkey imported 3,649 thousand tons of gold.
During the last 17 years (2000-2017) 273 tons of gold were produced in Turkey.