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Turkish gold conversion plan likely to falter on lack of public trust

Turkish gold conversion plan likely to falter on lack of public trust

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James M. Dorsey
Feb 12, 2022
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The Turbulent World with James M. Dorsey
Turkish gold conversion plan likely to falter on lack of public trust
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When Turkish finance minister Nureddin Nebati this week announced plans to encourage households to convert their gold holdings into Turkish liras in a bid to shore up Turkish central bank reserves, he was targeting people like Esra G.

Ms. G., whose last name has been abbreviated to preserve her anonymity, has had a life-long troubled relationship with go…

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