Turkish habit of stashing gold "under the pillow' hurts economy, government says

The Turkish government is expressing concern that a long-standing tradition of keeping gold at home, rather than depositing it in banks, is hurting the country's economy. This habit, born out of mistrust in financial institutions, means that a significant amount of potential economic activity remains untapped. As a result, the government is urging people to deposit their gold in banks to boost liquidity and stimulate economic growth. This cultural shift could have broader implications for Turkey's economic stability and financial health.