"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."

Withdraw

From

Politician and economist

Added on

About Ali Babacan

Ali Babacan is a Turkish politician and economist who has served in senior ministerial roles and later founded the DEVA Party.

Born:

View all quotes from Ali Babacan