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Alasdair Macleod: Turkish bank swaps being unwound in monetary operations
Alasdair Macleod, industry influencer, observes that swaps with Turkish commercial banks are being unwound as part of broader monetary operations.
This indicates a shift in Turkey's approach to its monetary system and banking sector, though further details were not provided.
Macleod previously highlighted a UBS report confirming Turkey’s recent gold dealings. He has also emphasized that gold serves as money without counterparty risk as fiat currencies face global challenges. These observations come as Turkey reviews its monetary and banking policies.
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