Economics
Turkey Wants the World’s Gold, With Few Questions Asked
- Treasury said to ready plan to loosen rules for import of gold
- Demand rising at one of precious metal’s biggest consumers
Photographer: Kev Maw/Getty Images
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Turkey is putting the finishing touches on a plan to loosen rules that govern the import of gold to one of the world’s biggest consumers of the precious metal.
The Treasury is drawing up changes that would allow the certification and standardization of scrap or unregistered gold people may carry when entering Turkey, according to people with knowledge of the matter. It’s working with Borsa Istanbul on the plan that also includes the registration of gold brought without certification from the London Bullion Market Association, said the people, who asked not to be named because the plan is still confidential.