The Mint Gold Certificate issued by the Mint with a gong ceremony attended by Deputy Minister of Treasury and Finance Murat Zaman, Mint and Stamp Printing General Manager Abdullah Yasir Şahin, Borsa İstanbul AŞ General Manager Korkmaz Ergun, Ziraat Yatırım Menkul Değerler AŞ General Manager Uğur Boğday, and Mint employees started trading on the stock market.
In the statement made by Deputy Minister of Treasury and Finance Murat Zaman at the ceremony, "The General Directorate of Mint and Stamp Printing House will issue Mint Certificates based on physical gold through public offering and these certificates will begin to be traded on Borsa Istanbul."
It was stated that the General Directorate of Mint and Stamp Printing House will continue to develop new and innovative products from now on, and in the following days, Mint will produce new products based on gold.
At the first stage, 500 million certificates of 995 purity, 5 tons of which are presented in Borsa Istanbul for investors to trade, and that investors can buy and sell the gold they have in the commodity market formed in Borsa Istanbul, and when they want, they can convert their certificates into physical gold and buy them from the Mint.
It is stated that the Mint Gold Certificate will have important advantages such as low trading price difference in Borsa Istanbul Equity Market, fast cash conversion, no risk of theft, and tax exemption (with zero withholding tax for earnings from gold certificates).
Source:
https://www.dunya.com/ekonomi/darphanenin-altinlari-borsa-istanbula-geldi-haberi-674778