Turkey Central Bank Gold Reserves Fall to 771.8 Tons in Biggest Weekly Drop Since 2018
Bankers said reserves declined from 820.8 tons in the week ended March 20, with about 22 tons sold and roughly 31 tons used in gold swap transactions.
Fact Check
The statement is supported by multiple high-authority news reports from March 2026. Reuters and Jinshi Futures confirm the drop from 820.8 tons to 771.8 tons (a 49-ton decrease). The historical context regarding the 2018 drop is also verified. While there is a slight variation in the reported swap tonnage (31 vs 34 tons), the primary claim regarding the total reserve level and the significance of the drop is accurate.
Summary
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Terms & Concepts
- Gold swap transaction: A financing arrangement in which gold is exchanged temporarily for cash or other assets, often to manage liquidity or reserves.