ISSN: 1011-727X
e-ISSN: 2667-5420

Gazi Çamur

Keywords: Government of the Grand National Assembly of Turkey and Bolshevik Russia, Ministry of Finance, Treasury, Financial Aids, Gold Ruble, Gold Smuggling

Abstract

By 1918, World War I had not yet reached the conclusion for the Near East region. The government of the Grand National Assembly continued financial aid with the Bolshevik Russia on the one hand while expanding its political relations. After long negotiations, it was agreed that there would be assistance in the form of gold rubles. As of September 1920, 1 Gold ruble started trading on 59 kurus, and after November 1921, 75 kurus. On the other hand, the absence of a national bank caused the Government to carry out its gold policy on a fixed value. This brought with it new discussions. Comments on the damage to the treasury were moved to the agenda of the assembly. The issues discussed by the Assembly were not limited to this. The steps to prevent gold smuggling were insufficient. Despite the fact that gold prices were juggled, the desired result could not be achieved. Therefore, gold smuggling was one of the problems expected to be solved as soon as possible.

Ethics Committee Approval

There is no study that would require Ethical Commitee approval in this article.