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.
Ali Babacan0
Next quotes
Ali Babacan:
We have been talking with leaders: Change is coming; you can no longer have a closed regime with anAli Babacan:
The fast fish, not the big fish, eats the small fish.Ali Babacan:
Turkey is going through an incredible economic, political and social transformation. What is most iAli Babacan:
Turkey has a young and growing population. Until recently, this was perceived as a problem, a burdeAli Babacan:
Turkey does not have an official exchange rate target.Ali Babacan:
Population is a strong driver of the economy as well as the quality of the labor force.Ali Babacan:
Turkey will not let Turkish territory or airspace be used in any activity that could harm the securAli Babacan:
Turkey's economy is powerful enough to tackle tough times.Ali Babacan:
Northern Iraq has become, economically, a natural extension of Turkey.Ali Babacan:
Leave history to historians.