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Turkey Considers Using $135 Billion Gold Reserves to Defend Lira
First article: 24 mar. 2026, 13:02
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Last update: 24 mar. 2026, 13:02
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1 source
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1 article
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Editorial Analysis
Based on 1 source, 1 article
Turkey is exploring the possibility of utilizing its substantial gold reserves, estimated at $135 billion, to defend the value of the Turkish Lira. The Lira has been under pressure due to high inflation and concerns about the country's economic policies. The potential intervention reflects the government's efforts to stabilize the currency and restore investor confidence.Articles about this topic
Foto: Bloomberg
Turkey Mulls Tapping $135 Billion Gold Reserves for Lira Defense
Turkey’s central bank is preparing an expanded toolkit to defend the lira from Iran war-related volatility that includes potentially tapping its vast gold reserves, according to people familiar with the matter.
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