Turkish habit of stashing gold “under the pillow’ hurts economy, government says
Gold plays a major role in Turkish culture, particularly at weddings and other milestones, while also serving as a way for families to protect their savings. Many Turks keep physical gold at home, a practice known as yastık altı, because of years of high inflation, currency devaluations and past banking crises. Economists say this behavior is a rational response to economic instability, even as Turkish officials … Continue reading Turkish habit of stashing gold “under the pillow’ hurts economy, government says
