World rankings announced! How much gold does Turkey have?

Gold, which has been breaking records one after another recently, is also seen as a safe haven by citizens in Turkey. Countries looking to secure themselves against economic crises are also increasing their gold reserves. According to the data, Turkey is among the 11 countries with the largest gold reserves in the world.

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World rankings announced! How much gold does Turkey have?

According to data from the International Monetary Fund, the World Bank, the World Gold Council, and the Federal Reserve Bank of St. Louis, Turkey ranked 11th as of 2023 with 479 tons of gold reserves.

Many countries, which agree that gold is a stable and reliable store of value that increases confidence in a country's economic stability, especially during times of financial uncertainty, continue to increase their reserves.

Almost one-fifth of all gold mined on Earth to date is held by central banks.

The 11 countries and their gold reserves included in the report cited by ekonomim.com are as follows:

USA: 8 thousand 133 tons

Germany: 3 thousand 353 tons

Italy: 2 thousand 452 tons

France: 2 thousand 437 tons

Russia: 2 thousand 333 tons

China: 2 thousand 192 tons

Switzerland: 1 thousand 40 tons

Japan: 847 tons

India: 801 tons

Netherlands: 612 tons