May 21, 2020 / 12:34 PM / 3 months ago

Turkey imposes settlement delay on some gold purchases

ISTANBUL, May 21 (Reuters) - Turkey’s BDDK banking watchdog said on Thursday purchases of 100 grams of gold or more by individuals or corporates will be subject to a one-day settlement delay as of May 22.

The BDDK said the move aimed to support efficient operation of financial markets and the credit system. (Reporting by Ali Kucukgocmen; Writing by Ezgi Erkoyun; Editing by Jonathan Spicer)

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