99 tonnes of gold reserves found in Turkey

99 tonnes of gold reserves found in Turkey
In Turkey, 99 tonnes of gold reserves have been , which is more than the GDP of many countries. With the availability of gold on such a large scale, speculation about its value has now started all over the world. It is estimated to cost $ 600 million.

According to Turkish news agency Anadolu, the store has been discovered by Gubertas, a fertilizer company, along with Country Head of Agricultural Credit Cooperatives Fahratin Poyraj. The company has reported that the gold reserves found are worth $ 600 million.

As soon as the news of such a large stock of gold came, the shares of Gubertas in the Turkish stock exchange Borsa Istanbul rose by 10 percent. Poyraj told news agency Anadolu that the first evacuation would take two years, adding to Turkey's economy.

This much gold is found in Sogut, mid-west of Turkey. Fahratin Poyraj, the country head of Agricultural Credit Cooperatives, has informed the Turkish media about this.

Turkey has already broken its record by producing 38 tonnes of gold in 2020. While Energy Minister Vishwas Donmage had targeted to produce 100 tonnes of gold annually by September. The value of the new gold reserves is estimated to exceed the total GDP of many countries.

According to the WorldMeter, Maldives has a GDP of $ 487 million, while Burundi is $ 317 million. Liberia has a GDP of $ 329 million, Bhutan has a GDP of $ 253 million and Lesotho has a GDP of $ 258 million. In addition, Barbados, Guyana, Montenegro and Mauritania have economies of less than $ 600 million.

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