As Lira Crisis Raged, Turkish Banks Were Cashing In Their Gold
By Rupert Rowling
, Fercan Yalinkilic
, and Eddie van der Walt
September 14, 2018, 1:47 PM GMT+2 Updated on September 14, 2018, 5:28 PM GMT+2
Commercial lenders in Turkey have pulled as much as $4.5 billion worth of gold reserves since mid-June in an effort to avert a liquidity crisis as the lira plunged.
More:As Lira Crisis Raged, Turkish Banks Were Cashing In Their Gold - Bloomberg