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Simon Constable

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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 1792 the U.S. Congress adopted a bimetallic standard (gold and silver) for the new nation's currency - with gold valued at $19.30 per troy ounce

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