Source Pravda.Ru

Turkey withdraws its gold from USA

The administration of the Central Bank of Turkey has withdrawn the national gold reserve from the US Federal Reserve System.

According to Trend news agency, the Central Bank of Turkey had 220 tons of gold at the US Federal Reserve.

At the same time, two other Turkish banks - Ziraat and Vakifbank - also started withdrawing their  gold reserves from the United States. Their "gold assets" are evaluated at 95 tons.

As of March 2018, the gold reserves of the Central Bank of Turkey amounted to $25.3 billion.

Analysts believe that Turkey has made such a move against the background of worsening relations between Ankara and Washington.

Earlier, Want China Times wrote with reference to Duowei News that China's enormous gold reserves give the People's Republic of China an opportunity to cause the US national currency to collapse. The publications also noted that Russia had doubled her gold and currency reserves since 2005.

Pravda.Ru

Read article on the Russian version of Pravda.Ru

Comments
The Royal Wedding and the Silly Season
The Royal Wedding and the Silly Season
The Royal Wedding and the Silly Season
The Royal Wedding and the Silly Season
Attempts to blame Russia for MH17 disaster continue zealously
Ukraine's exit from Commonwealth of Independent States will affect common Ukrainians most
Kremlin on failed nuclear missile tests: 'Listen to President Putin and believe him!'
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Russian air defences ready to shoot down NATO drones and reconnaissance aircraft over Crimea
Russian stock market, national currency collapse because of US sanctions
Russian stock market, national currency collapse because of US sanctions
Russians massively break traffic rules on Crimea Bridge
Putin’s spokesman: Total blockade of Russia impossible
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously
Attempts to blame Russia for MH17 disaster continue zealously