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.
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"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 Babacan #moneywealth
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When Turkey buys Iranian oil, we pay for it in Turkish lira... However, it is not possible for…
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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 Babacan
About Ali Babacan
Ali Babacan was a Politician from Turkey (1967–present).
Frequently Asked Questions
Who said "When Turkey buys Iranian oil, we pay for it in Turkish lira... However, it is n…"?
This quote is attributed to Ali Babacan, a Politician from Turkey.
When did Ali Babacan live?
Ali Babacan lived from 1967 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.