“Turkey is Iran’s biggest natural gas customer but Western sanctions prevent it from paying Tehran in dollars or euros. Iran is instead paid in Turkish lira – of limited value on international markets but ideal for buying gold in Turkey. Couriers carrying millions of dollars worth of gold bullion in their luggage have been flying from Istanbul to Dubai, where the gold is shipped to Iran, industry sources with knowledge of the business told Reuters last year. New sanctions are due to take effect in February and could include measures to try to curb the trade.”
http://www.reuters.com/article/2013/01/04/turkey-gold-exports-idUSL5E9C466F20130104
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
(Visited 33 times, 1 visits today)
Related posts:
Anti-government protests continue in Istanbul: 'Government, resign!'
Fed taper to cause 'severe recession': Economist
Bank of Israel's Fischer, Treasury's Brainard to push for more activist Fed
Researchers create battery that recycles sewage into energy
ATM of the future: No cards, no buttons
FBI ‘Grappling’ With Hiring Policy Because Top Hackers Smoke Pot
Kentucky students to first lady Michelle Obama: Your food ‘tastes like vomit’
Obama 'deeply concerned,' warns Russia against Ukraine intervention
First major hemp crop in 60 years is planted in southeast Colorado
Beating of diabetic driver raises questions about N.J. State Police training
Randomly generated bot tweet prompts investigation by Dutch police
India raises import duty on gold, silver to 10 per cent
Czech artist gives president 33-foot-high one-finger salute
Police in Peel Region using city buses to nab distracted drivers
Climate Change: Key mission for the US Navy