Assessments from CBRT Governor Fatih Karahan at the Budapest Finance Summit

Central Bank of the Republic of Turkey Governor Fatih Karahan stated during his attendance at the Budapest Finance Summit that central banks' demand for gold remains high.

Gold Demand and Global Shocks

Central Bank of the Republic of Turkey Governor Fatih Karahan stated in his speech at the Budapest Finance Summit that central banks' demand for gold continues to remain at high levels.

Stating that central banks are going through a period marked by longer-lasting shocks, Karahan emphasized that institutions are accustomed to disruptions, including non-economic deteriorations.

Economic Value and Competitive Advantage

Pointing out that a strategic leverage effect is also desired while creating economic value, Karahan conveyed that countries have focused on competitive advantage over the last 20-30 years.

Additionally, reminding that companies have established intensive supply chains during this process, Fatih Karahan made important assessments on financial and economic developments.