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Thursday, March 22, 2012

Turkey Goes for the Gold in a Bid to Curb Deficit - WSJ.com

Turkey Targets Gold Stashes

BY YELIZ CANDEMIR AND JOE PARKINSON

ISTANBUL—The Turkish government, facing a bloated current-account deficit that threatens to derail the country's rapid expansion, is trying to persuade Turks to transfer their vast personal holdings of gold into the country's banking system.

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