Jewelry displays gold at the Grand Bazaar in Istanbul, Turkey, on Aug. 26, 2026. Finance Minister Mehmet Şimşek has said that about $640 billion in gold and foreign currency is held outside the financial system. For many Turkish savers, physical gold is still a safe way to protect their money from inflation and economic uncertainty. This practice is known as
For years, Turks have stashed their gold at home against a raining day, mistrustful of banks. Now the government says that tradition hurts the economy
