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http://gulfnews.com/business/banking...ises-1.1028424
Turkey boosts gold holdings as price rises
London: Turkey expanded its gold reserves by 29.7 metric tonnes in April as Ukraine, Mexico and Kazakhstan increased their holdings of the metal, International Monetary Fund data show.
Turkey's bullion reserves climbed to 239.3 tonnes last month when gold averaged $1,649.74 (Dh6,054.55) an ounce, data on the IMF's website showed.
The central bank on March 27 doubled the share of lira reserves banks can hold in gold to 20 per cent, saying it would provide 6.1 billion liras of extra liquidity.
London: Turkey expanded its gold reserves by 29.7 metric tonnes in April as Ukraine, Mexico and Kazakhstan increased their holdings of the metal, International Monetary Fund data show.
Turkey's bullion reserves climbed to 239.3 tonnes last month when gold averaged $1,649.74 (Dh6,054.55) an ounce, data on the IMF's website showed.
The central bank on March 27 doubled the share of lira reserves banks can hold in gold to 20 per cent, saying it would provide 6.1 billion liras of extra liquidity.
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