From Hurriyet Daily News, Istanbul Monday, September 18, 2017
ANKARA, Turkey -- The Turkish Treasury will issue two types of bonds to attract into the economy 2,200 tons of gold stashed under mattresses, which has a market value of around 300 billion Turkish Liras, Deputy Prime Minister Mehmet Simsek has said.
"The first issuance of gold bonds and the gold-based rent certificates will begin between Oct. 2 and 6 in an attempt to benefit the economy with the under-the-mattress gold of citizens, which is estimated to be almost 2,200 tons in total," Simsek said in a statement Sunday.
"The Treasury has no borrowing problem. We will dare this cost for the economy to run faster, to increase savings and solve resource problems as well as bring out the under-the-mattress savings into the economy," he said. ...
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