Home Turkish Central Bank to allow gold for foreign exchange and location swap deals – Reuters

Turkish Central Bank to allow gold for foreign exchange and location swap deals – Reuters

Updated: 17 Aug. 2018 | 14:08

Citing a bank document, Reuters recently reported that the Turkish Central Bank would allow gold for foreign exchange and location swap deals.

Key quotes

Turkish Central Bank’s location swap deals will be made through its accounts in the Bank of England.
Spot gold price in international markets will be used in Turkish Central Bank’s gold swap deals.
Turkish Central Bank’s gold swaps measure will ease access to physical gold in case of need.

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