In Istanbul’s Grand Bazaar, Demand for Gold and Dollars Soars - WSJ

In Istanbul’s Grand Bazaar, Demand for Gold and Dollars Soars Turks are pouring money into foreign currency, jewelry and other assets as the lira weakens Many of the small and midsize shops in Istanbul’s Grand Bazaar deal in gold and currency. By Jared Malsin and Elvan Kivilcim Aug. 6, 2023 10:00 am ET ISTANBUL—Deep in the stone warren of Istanbul’s 560-year-old Grand Bazaar, a cluster of traders selling gold and dollars pace the alleyway, murmuring into phones and smoking. The tension rises as demand grows. A shout comes from the crowd: “I’ve got it ready!” More:In Istanbul’s Grand Bazaar, Demand for Gold and Dollars Soars - WSJ