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

From fxstreet.com

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

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