Old Advantage on Physical Gold Eliminated
Official titleCommuniqué on the Repeal of the Communiqué on Bringing Physical Gold Assets into the Financial System (No: 2022/11) (No: 2026/12)
The CBRT repealed Communiqué No. 2022/11 regulating the bringing of physical gold into the financial system.
Before
Special incentives and procedures were applied under Communiqué No. 2022/11 for bringing physical gold into the financial system.
After
Communiqué No. 2022/11 has been repealed, and the special gold collection mechanism based on this regulation has ended.
Details of the Regulation
Through this new communiqué published by the Central Bank of the Republic of Türkiye (CBRT), the “Communiqué on Bringing Physical Gold Assets into the Financial System (No: 2022/11)”, published in Official Gazette No. 31778 dated 14 March 2022, has been entirely repealed.
The former regulation established a mechanism that enabled citizens to bring physical gold kept under their mattresses into the system through banks or authorized gold dealers, convert this gold into standard gold, and benefit from incentives provided by the Central Bank. The repeal of this communiqué indicates that the legal basis of the special conversion and support system established at the time has ended.
The decision entered into force as of 22 August 2026, and from that date onward, no new transactions may be carried out under the provisions of Communiqué No. 2022/11. This change, which directly affects the banking and financial sectors, is considered one of the steps toward simplifying or changing the CBRT’s gold policies.
Questions You Might Have
- Am I now unable to deposit gold with banks?
- You may continue depositing gold with banks; however, the special state and Central Bank incentives offered through this channel under Communiqué No. 2022/11 will no longer be provided.
- What will happen to my existing gold accounts?
- Your existing accounts at the bank will be preserved; this regulation only terminates the former procedure for new transactions to bring physical assets into the system.
- Has the practice of collecting gold through gold dealers ended?
- The gold-dealer gold valuation protocols covered by this specific communiqué have lost their legal basis, but banks may continue their own special programs.
Key Terms
- Yürürlükten Kaldırma
- The removal of a legislative provision from the legal system and its invalidation.
- Fiziki Varlık
- Gold is a tangible economic value that can be held by hand, like cash.
- Finansal Sistem
- The entirety of all institutions and transactions in the money and capital markets.
Affected Sectors
- Banking
- Jewellery trade
- Finance
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REGAS Commentary
For citizens, this situation means that the period for bringing “mattress gold” into the system under a specific incentive program, including the protocols covered by 2022/11, has ended. Existing gold accounts at banks will not be directly affected by this development; however, the special advantages previously offered by the repealed communiqué can no longer be claimed for new physical gold deposits.