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The Rise of Golden Liras: Citizens Opt for Stable Assets Amid Dollar Volatility

Citizens have recently resorted to the option of buying “golden liras” from the market with the aim of acquiring good assets that maintain their value more than the dollar.

In fact, what turned out was that the demand for liras increased dramatically over the past month, as citizens began buying large quantities of them for tens of thousands of dollars.

Sources active in the gold market indicated that the price of one lira currently ranges between 420 and 440 dollars, revealing that there are parties seeking to “collect the lira” from the market with the aim of importing new ones from abroad. They said: “There are estimates that monthly sales of gold lira reach up to Hundreds of thousands of dollars, and there is new liquidity in dollars that has recently begun to appear through this process, given that citizens are now taking out their money hidden in their homes to invest in gold.”

However, sources have warned of “fraud” operations in terms of selling gold lira, noting that there are parties that sell lira outside gold stores as pure gold, while they are counterfeit.

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