Turkish Treasury to issue gold bonds and lease certificates to individual investors from September 10

Turkish Treasury will issue gold bonds and lease certificates to individual investors starting from September 10, the Ministry of Treasury and Finance announced this Friday. 

The statement further states the investors will be paid Lira denominated 1.20% semi-annual (2.40% per annum) returns indexed to gold prices. 

The announcement seems to have some positive effect on the markets, with the Turkish Lira strengthening further against the US Dollar and is now up nearly 2.0% for the day.