ব্যঙ্গাত্মক বর্ণনা এবং ফরেক্সের প্রবেশদ্বার বিন্যাস
Turkey turns to gold as inflation and import costs rise
The Central Bank of Turkey, on March 24, 2026, began preparations to use its gold reserves to stabilize the national currency, Bloomberg reported. The fact is that the escalation of the conflict in Iran increased volatility and put pressure on emerging market assets.
The plan envisages operations to exchange bullion for foreign currency on the London market. JPMorgan estimates that about $30 billion of assets held at the Bank of England are available for immediate use. Fatih Akçelik, an economist at the investment bank, said that those reserves could be mobilized for currency interventions without significant logistical constraints.
Turkey’s total gold stock stood at about $135 billion at the start of March. Rising costs for imported commodities have materially increased the expense of defending the lira, prompting authorities to reassess liquidity structures to ensure payments can be made amid regional supply disruptions.
Annual consumer inflation accelerated to 31.53% in February. Against that backdrop, the central bank left its policy rate unchanged in March, pausing a previously initiated easing cycle. The decision was intended to limit the pace of currency depreciation and to help stabilize domestic prices.
The US dollar was trading at 44.35 lira, above the historical low fixed five months earlier. The central bank has already sold $16 billion of foreign bonds to support financial stability. Officials warned that further depletion of reserves could force more radical measures in sovereign balance‑sheet management.
প্রকাশিত 27 March 2026
© InstaFintech Group
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© InstaFintech Group
