Good news came from the Mint regarding 999.9 pure gold, which is increasingly popular with companies operating in the jewelry sector. Istanbul Gold Refinery Board of Directors Chairwoman Ayşen Esen said that the Mint is preparing to accept 999.9 purity gold, also known as four nines, by the end of January. Esen drew attention to the fact that the sector welcomed the decision. WHAT IS FOUR NINE GOLD? Istanbul Gold Refinery Board of Directors Chairwoman Ayşen Esen We start from an evaluation based on 24 carats in gold. It continues as 18-14. 24 carat is the purity defined as 995. What does 995 mean? Of the collected gold defined as one thousand grams, 995 grams is pure gold. The remaining 5 grams may be silver or copper. It may be in a different metallic form. Therefore, 995 means that there is 995 purity of gold per thousand. Therefore, four nines also mean the same. 999.9 is one thousand grams of gold. Therefore, maximum purity is really. Five nines are not used in the markets anyway. They cannot be used. Five nines are mostly used as samples, in laboratories, in very special products, in places like the defense industry, for very special situations. The highest purity of gold used in the market is 999.9 purity, which we define as four nines. THE MINT IS PREPARING TO ACCEPTING 999.9 GOLD Istanbul Gold Refinery Board of Directors Chairwoman Ayşen Esen We have been receiving demands from the jewelry sector for years regarding this and we meet them. After all, as a LBMA refinery, since we produce the best purity, both our bullions and draws with 999.9 purity are actually continuing in the market. Jewelers also use this with great satisfaction. Until today, the Mint did not accept it because it was not in the four-nine definitions since it was operating on 995. The jewelry sector had to reduce this product to 995 and give it to the mint when it had four-nine. Therefore, we were always hearing about it, and it was requested from us as well. The Mint took a good step in this regard. It did work. As far as I understand, they are about to complete the infrastructure work regarding their software systems. In their statements, they said that the software work will be completed by the end of the year. They said that they will hopefully start accepting by the end of January. We were happy about this. The demands from the sector were met. ''KAD-SİS IS GROWING DAILY BY THE DAY'' Istanbul Gold Refinery Board of Directors Chairwoman Ayşen Esen The number of banks in KAD-SİS has reached 10. Therefore, KAD-SİS, which started with only state banks and 5 banks when it first started, now continues with 10 banks. Of course, the number of our distinguished users, whom we define as Gold Valuation Points, which we call ADN, has also increased over time. That number is progressing according to 300. We continue by making the right choices step by step. A very nice development has been added to these. One of the issues we care about was the physical gold delivery. The public attaches great importance to the physical gold delivery.