Saturday, November 24, 2012

Iran Buying Turkish Gold for Gas Exports

Avoiding Sanctions on Dollar Transactions

Iranians are buying Turkish gold bullion in record numbers. The Turkish Deputy Prime Minister Ali Babacan told parliament on Friday that Iran is buying gold with Turkish Lira that has been deposited into their accounts in exchange for Turkey’s purchase of Iranian natural gas.

“As Iran could not transfer the payment to [its own banks] in foreign exchange, the country buys gold with Turkish lira, and then takes the gold to its country. I do not know how Iran transports the gold, but this is the root of the matter. The gold export to Iran in reality becomes payment for the natural gas we buy from Iran,” Babacan said. (Hurriyet Daily News/Reuters, 24 November)

Photo: AA/Hurriyet


Anonymous said...

How cozy. Now where is the $18 Billion in gold and dollar notes that the Islamic regime transported by truck to Turkey and confiscated by the Turks during the so called elections of 2009?

Anonymous said...

Iran didn't need to transport those 18 billions, since they buy gold now; like confirmed by the Turkish deputy PM.

Where have you gotten that 18 billion's information from?

Anonymous said...

November 24, 2012 6:13 PM

that was not $18 Bill, but $180 Bill or maybed $1800 Bill

no matter what bullshit the L.A TV Station telling, some body believe it.

B.M.A said...


sanctions can be termed as an economic war!-AND I BELIEVE IRAN WILL WIN THIS ONE TOO.the bankrupt western NATIONS WON'T HOLD ON TO THESE SANCTIONS FOR TOO well done IRAN for making innovative ways to this injustice!.

Anonymous said...

Anon 7:43 PM

That $18 Billion in Gold and Dollar notes was in an Iranian truck which crossed the Turkish border and was confiscated by Turkish customs.
And it was not televised on "L.A TV" but on the main Turkish news channel.

So the "bullshit" is fanning from your end.

Anonymous said...

November 25, 2012 11:57 AM

sure ofcourse, It is very usual to send
18$ Bill Gold in Truck andf send it abroad.
and this stupid Iranian Government never guessed that turk customs can inspect the Truck.
what a stupid Government and Stupid people

Anonymous said...

Where is the almighty censor "MD"?, who uses double standards by not posting my comments and letting to be posted BS with invectives such as stupid ...Iranian..and people !!!

Unknown said...

@anon 8:53
Sorry, I forgot to delete this one!

Enjoy this freedom. Perhaps one day Iran will be free too, despite your best efforts.