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Erdogan calls on citizens to convert gold holdings to lira
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ISTANBUL, 01 January 2022, (TON): Turkish President Recep Tayyip Erdogan called on citizens to convert their gold holdings to lira through new financial instruments introduced to shore up the currency.
Erdogan said during his address to the General Assembly of Anatolian Lions Businessmen Association (ASKON) in Istanbul “we expect our citizens and business world to support this historic breakthrough of our country, by bringing their gold savings in to the financial system.”
On what he calls the under-the mattress savings of people who withdraw their assets from Turkish banks and keep them at home, he said as of the beginning of 2022, both companies and citizens “will accelerate the return to the lira.”
The president added “the more we bring back to our economy the 5,000 tons of gold kept under the mattress, the stronger our country and nation will be.”
Touching on the recent fluctuations in foreign exchange rates, Erdogan said measures are being taking to prevent sudden, harsh and unreasonable fluctuations.
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