"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."

Source : "Iran importing gold to evade economic sanctions, Turkish official says" by Ivan Watson and Gul Tuysuz, www.cnn.com. November 29, 2012.

Ali Babacan

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