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Turkey Uses Gold Bullion To Stabilise Its Currency And Economy
By Simon Constable - June 6, 2018
Turkey’s economy has been in a tailspin with an inflationary currency, but the country is using something rare to help stabilise itself: gold. In late 2011, Turkey started to allow commercial banks to use gold instead of the Turkish lira...
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In 1934 President Franklin Delano Roosevelt devalued the dollar by raising the price of gold to $35 per ounce.

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