Post #4712

🇹🇷Turkey Sells Over 8% of Gold Reserves Amid Regional Crisis Turkey has liquidated 58 tons of gold reserves, valued at over $8 billion, in two weeks. This move aims to stabilize its financial system amid severe economic pressure from the escalating Iran-Israel conflict. Ankara is battling soaring inflation and a collapsing lira, worsened by capital flight from the region. The sale marks a dramatic reversal of its long-term strategy to reduce dependence on the US dollar. Minas Tirith | 24/7 News channel | Updated