Turkey is at a level to compete with international gold refining centers like Germany and Switzerland, Istanbul Gold Exchange deputy chairman Osman Sarac said today according to Dunya newspaper.
Turkey imports scrap gold mostly from Germany and the United Arab Emirates, the gold is turned into standard bullion coins and bars in Turkish refineries and exported.
Turkey imported 114.8 tons of gold by Nov. 14 this year, of which 46.6 tons was scrap, according to Istanbul Gold Exchange data.
(Bloomberg) – Iran’s Gold Reserves High Enough to Meet Needs: Central Bank
Iran has enough gold to fulfill domestic needs for next 15 years, Central Bank Governor Mahmoud Bahmani says, according to state media.
Bahmani spoke at summit in Islamabad: Fars.
Iran does not use gold to barter foreign goods: Bahmani.
Bahmani seeks increased use of local currencies in trade: Press TV.
Bahmani called for establishment of joint bank between D-8 member states: Press TV.
Note: Iran, Turkey, Malaysia, Pakistan, Nigeria, Egypt, Bangladesh and Indonesia form D-8 group.
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