Billions of dollars worth of gold is held in Turkish households outside the banking system. The Turkish government aims to convince citizens to deposit this gold into the mainstream financial system to support the economy.
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Turkey Encourages Citizens to Deposit Gold in Financial System
The Turkish government is seeking to encourage citizens to deposit gold held outside the banking system into mainstream financial institutions. This initiative is part of efforts to strengthen the economy.
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Original Headline
Turks often keep gold as a hedge against inflation. It may be hurting Turkey's future
Neutral Headline
Turkey Encourages Citizens to Deposit Gold in Financial System