Vice President Yılmaz Emphasizes "Money Hidden Under the Mattress": "I Wish More of This Money Would Enter the system."
5 Articles
5 Articles
Vice President Cevdet Yılmaz stated that as of August 7th, the Central Bank's reserves amounted to $178.4 billion, but the amount of dollars and gold held by citizens under their mattresses was greater than this reserve. He said, "Our nation possesses an even larger reserve than this. Unfortunately, we cannot reflect it in the balance sheets. These are the dollars and gold that citizens keep under their mattresses. If only more of this were brou…
Cevdet Yılmaz stated that as of August 7th, official reserves had reached $178.4 billion, and added that if gold and foreign currency held outside the banking system were brought into circulation, Türkiye's risk premium would fall much lower.
Vice President Cevdet Yılmaz stated that the Central Bank's reserves stand at $178.4 billion, but the amount of dollars and gold held by citizens "under the mattress" is even greater than this figure. He added that bringing these savings into the system would lower Türkiye's risk premium.
Vice President Cevdet Yılmaz stated that the Central Bank's reserves amount to $178.4 billion, but the amount of dollars and gold held by citizens under their mattresses is greater than this reserve, adding, "I wish more of these would enter the system."
Vice President Cevdet Yılmaz stated that as of August 7th, the Central Bank's reserves stood at $178.4 billion, adding that the gold and dollars held by citizens "under the mattress" constitute an even larger reserve.
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