Turkey's gold imports from Switzerland hit the highest level on record in January Turkey gold
Turkey's appetite for gold is not waning, as Switzerland shipped the most gold on record to the country, according to Swiss customs data.
Switzerland exported 188 tonnes of gold last year. For comparison, in 2021, Switzerland exported only 11 tonnes of gold to Turkey. Following the devastating earthquakes that struck the country this month, Turkey took steps to curb rising gold imports, which it sees as weighing on finances. It suspended some gold imports and called on local lenders to set a minimum spread on gold for domestic sales.
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