Turkish Central Bank to allow gold for foreign exchange and location swap deals - Reuters

Citing a bank document, Reuters recently reported that the Turkish Central Bank would allow gold for foreign exchange and location swap deals.

Key quotes

• Turkish Central Bank's location swap deals will be made through its accounts in the Bank of England.
• Spot gold price in international markets will be used in Turkish Central Bank's gold swap deals.
• Turkish Central Bank's gold swaps measure will ease access to physical gold in case of need.