“When Turkey buys Iranian oil, we pay for it in Turkish lira... However, it is not possible for Iran to take that money as dollars into its own country due to international restrictions, the U.S.A.s sanctions. Therefore, when Iran cannot take this money back as currency, they withdraw Turkish lira and buy gold from our market.”
Quote by Ali Babacan
Author
Ali Babacan
Ali Babacan is a prominent Turkish politician born on April 4, 1967. He has held several key positions in the Turkish government, including Deputy Prime Minister and Minister of Foreign Affairs. Throughout his political career, he has been committed to promoting democratic reforms and European integration in Turkey. more
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