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Turkish Finance Minister Mehmet Şimşek reported that around $640 billion in gold and foreign currency is kept outside the financial system. The practice of hoarding gold, known as "yastık altı altın," is seen as a way for savers to protect their wealth, but the government believes it may harm the economy.
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Turkish Finance Minister Mehmet Şimşek reported that around $640 billion in gold and foreign currency is kept outside the financial system. The practice of hoarding gold, known as "yastık altı altın," is seen as a way for savers to protect their wealth, but the government believes it may harm the economy.
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