Turkey Encourages the Conversion of Gold Deposits Into Lira Time Deposits

Key Takeaways: Central Bank of the Republic of Turkey (CBRT) recently announced that it has decided to provide incentives to gold deposits and participation fund holders who request to convert their holdings into lira time deposits. In a brief statement released in late December 2021, the central bank explained that this incentive scheme is intended … Continue reading Turkey Encourages the Conversion of Gold Deposits Into Lira Time Deposits