Turkey withdraws its gold reserves from the United States

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During the year 2017, the Turkish central bank withdrew its entire gold reserves, which it had stored in the United States, after the relationship between Ankara and Washington deteriorated, according to Turkish media.

Where the media reported that Turkey held about 28.7 tons of gold in the United States, part of which was returned to Turkey, while the rest is stored in Europe at the Bank of England and the Bank for International Settlements in Switzerland.

The Central Bank's data showed that the gold reserves stored in the United States were 28.689 tons, but the private column These reserves didn’t include any numbers at the report of the end of 2017.

The gold reserves that Turkey has stored in the United States are part of its entire gold reserves, which by the end of 2017 amounted to about 565 tons.

Turkey is not the first country to withdraw its gold reserves from the United States, where Germany has returned part of gold reserves from the US and recovered its full reserves of gold from France as well.

According to France-Press, Germany brought back as part of a process that began in 2013 about 300 tons of its gold reserves from the United States and 374 tons from France.

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