(Bloomberg) — It took weeks of frenzied gold trading in Istanbul’s historic commercial center to spur one of the biggest gaps between the cost of physical dollar bills and the official exchange rate in 18 years.Home to scores of foreign-exchange kiosks that double up as brokers for the precious metal, the Grand Bazaar is often seen as the benchmark for the country. Traders there also mostly use cash to settle gold dealings — and dollars were in short supply.As a result, U.S. currency bills in this market have been trading at the biggest premium relative to the official exchange rate …read more
Source:: Yahoo Finance
