“All jewelers will be asked to deposit five hundred grams of gold in public banks” Author Reuters

© Reuters.

ANKARA, 16 March (Reuters) – According to the “Regulation on Jewelery Trade” prepared by the Ministry of Commerce and opened to industry opinion, all jewelers operating across the country will be asked to deposit five hundred grams of gold in public banks.

The purpose of the regulation is to regulate the procedures and principles regarding the opening and activities of jewelery businesses, and according to the draft Regulation on Jewelery Trade, the jeweler will not be able to touch, operate, or use the gold that he will deposit in the security account during his stay in the sector.

In Article 11 of the draft Ministry of Trade, “Five hundred grams of gold is deposited as collateral in the account opened in the name of the jewelery business in state-owned banks or public-owned participation banks.” It was said.

The news first appeared in Sözcü newspaper.

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