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Phase 2 implementation will begin in 2021 with the Jeweler Gold Valuation System

Istanbul Gold Refinery made a statement, “We would like to proudly share that our special software integrated with the banks working with confidence will be implemented in Phase 2 in 2021.”

In the statement made by the Istanbul Gold Refinery, it was stated that the public will be able to safely transfer their idle gold under their pillow to their bank accounts on the road that the Istanbul Gold Refinery has been leading for years, they will continue to protect their gold as gold, and they are working to implement the methods that will benefit the revival of the national economy while providing added value.

They stated that while continuing the Gold Days projects they have been conducting with 12 banks for 10 years, on the other hand, they have developed a system where the public can transfer their gold to their bank accounts, subject to the same reliable evaluation, wherever they want and in the whole country. This system is called KADSIS and it was implemented in July 2020, and that Phase 1 studies of this system, which started with 3 banks in the beginning, were announced in many different media in recent months.

“While completing the year 2020 within the scope of the KADSIS project, We would like to proudly share that close to 5 thousand transactions have been made in 105 ADNs (selected jewelry shops) in total in 37 provinces with 5 banks, and that our special software integrated with banks working with confidence will be implemented in Phase 2 in 2021. Our goal is to serve our people in nearly 1,000 points in our provinces and districts all over Turkey in 2021 and to make the KADSIS project one of the most important ‘saving’ methods that will contribute to the economy of our country with the participation of more banks and new advantages.

The successes to be achieved in this regard means, the revival of the economy, decrease in imports and increase in exports, decrease in current account deficit, increase in the use of TRL by banks, and that Central Bank has strong reserves. It will also be an inexpensive and reliable way of savings for our people, where they can safely store their investments, access them whenever they want, receive dividends or interest income in return, and use loans in return if they wish.”

Source: AA / Translated by Bazaar Times Team

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