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Today, Thursday, the Turkish authorities announced a new discovery of gold, estimated at 20 tons.

And Anadolu Agency quoted the Turkish Minister of Industry, Mustafa Varank, as saying that gold reserves were discovered in the amount of 20 tons, with a value of 1.2 billion dollars.

Varank added that 3.5 tons of silver, worth $2.8 million, were also discovered in the eastern state of Agri.

This comes after the Turkish Statistics Authority announced, last April, that the consumer price index in Turkey increased by 1.08 percent during last March, bringing inflation to 16.19 percent on an annual basis.

According to the Turkish Anadolu Agency, the authority explained that, according to the average of the 12 months during the past year, consumer prices increased by 13.18%, as well as the prices of local producers by 17.04%.

The consumer price index rose 3.71% compared to last December, and 16.19% compared to the same month of 2020, while the producer price index rose 8.21% compared to last December, and 31.2% compared to February 2020, according to Authority’s statistics.

The consumer price index measures the changes that occur in the general level of prices, based on tracking a basket that includes all goods and services consumed within a particular country.

Turkish President Recep Tayyip Erdogan has appealed to Turks to convert their foreign exchange and gold holdings into local currency through financial institutions.