Turkey-Iran Annual Trade Involves Gold Upto 82 Tons!
- The western Illuminati has shot themselves in the foot by using the SWIFT system as a weapon of war against Iran. Countries all over the world are abandoning the USD for international trade settlement. Many countries are turning to gold for this. Gold is returning as money whatever new monetary system comes about!
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Turkey-Iran annual trade involves Gold upto 82 tons!
by http://www.bullionstreet.com/
Turkey aims at increasing gold production to 34-36 tons a year in the short run from the current 24 tons. Europe’s largest gold producer Turkey said it’s annual use of gold in trade with Iran is between 80-82 tons. Turkey’s energy minister Taner Yildiz said the country has already been using gold in Iranian trade and Iran bought gold worth $1.2 billion in April of this year alone. Turkey aims at increasing gold production to 34-36 tons a year in the short run from the current 24 tons, the minister said.
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Along with the private companies, the public sector also contributes to this. he added. Trade between Turkey and Iran has risen sharply over the past decade, and Turkey was regarded as a possible weak link in international sanctions against Iran.
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Turkey is planning a money exchange structure with Iran which will cut the usage of U.S. dollars as much as possible and develop trade with the two countries’ national currencies, he said.The minister’s statement came at a time when Iran, suffering from money transaction problems due to a hard U.S. embargo, is seeking opportunities in the Turkish banking sector. Turkey has already taken steps to trade with local currencies with a number of countries including India, Russia, China and Iran.
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