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  3. Turkiye ranks top 11 in the World Gold Reserve
Turkiye ranks top 11 in the World Gold Reserve

Turkiye ranks top 11 in the World Gold Reserve

According to World Gold Council data, Turkiye's gold reserves rank among the top 11 in the world.

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While central banks, like investors in the world, are turning to gold as "safe port", Turkiye has entered the top 11 countries in the World Gold Reserve, which accepts gold as a compulsory reserve in 2011.

According to the World Gold Council [WGC] data, the US, which holds 8,407 tons of gold reserves as of December 2018, continues to maintain its first place among the countries in the world. The US is followed by Germany with 3,483 tons and Italy with 2,534 tons of gold.

These countries followed by France, Russia, China, Switzerland, Japan, the Netherlands, and India respectively.

Turkiye, which was 1,161 tons gold in September 2011, ranks 11 in the world with approximately 506 tons of gold reserves.

Turkiye was followed by Taiwan, Portugal, Saudi Arabia, United Kingdom, Kazakhstan, Lebanon, and Spain.

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