Turkey sold 22 tonnes of gold last week, bankers calculate

By Can Sezer and Nevzat Devranoglu Reuters Thursday, November 26, 2026 ISTANBUL -- The Turkish Central Bank's gold reserves fell by almost 50 tonnes to 772 tonnes last week, bank data showed, marking the largest ​weekly drop since August of 2018 amid fallout from the ​Iran war. The central bank sold about $3 billion worth of gold ⁠last week for the first time, adding to the $26 billion in foreign ​currency sales it has carried out since the Iran war began nearly ​a month ago, reflecting steps by authorities to stabilise markets. ... Dispatch continues below ... ... ADVERTISEMENT ... Buy metals at GoldMoney and enjoy international storage GoldMoney was established in 2001 by James and Geoff Turk and is safeguarding more than $1.7 billion in metals and currencies. Buy gold, silver, platinum, and palladium from GoldMoney over the Internet and store them in vaults in Canada, Hong Kong, Singapore, Switzerland, and the United Kingdom, taking advantage of GoldMoney's low storage rates, among the most competitive in the industry. GoldMoney also offers delivery of 100-gram and 1-kilogram gold bars and 1-kilogram silver bars. To learn more, please visit:  http://www.goldmoney.com/?gmrefcode=gata According to calculations made by bankers based on central bank data released today, the central bank sold approximately ​22 tonnes of gold last week. The amount of gold-backed Turkish lira ​and foreign currency swaps was some 31 tonnes last week, the bankers said. ...... For the remainder of the report: https://www.reuters.com/world/middle-east/turkish-gold-reserves-largest-drop-7-years-data-shows-2026-03-26/ * * * Support GATA by purchasing Stuart Englert's "Rigged" "Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon: https://tinyurl.com/3xt6uw66 * * * Help keep GATA going: GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at: http://www.gata.org To contribute to GATA, please visit: http://www.gata.org/node/16 Donations of $500 or more will entitle the donor to a 1-ounce silver round commemorating GATA's work: https://www.gata.org/sites/default/files/GATA-silver-round-front.png