For decades, Turkish households have preferred keeping their gold reserves at home as a precautionary measure, reflecting deep-seated distrust in the banking system. The government has recently highlighted this cultural practice as a potential economic drag, arguing that hoarding gold limits its use in broader financial activities. Authorities suggest that shifting these savings into formal financial channels could boost liquidity and economic growth. The debate underscores a long-standing tension between public savings habits and state-led economic policies.
For years, Turks have stashed their gold at home against a raining day, mistrustful of banks. Now the government says that tradition hurts the economy
