Friday, November 23, 2012

Turkey Admits to Skirting Iranian Sanctions

Not to worry, besides this example I am sure the sanctions are working. Another shining example of 'Smart Power' from the Obama administration. (via)

"The most important reason behind the significant increase in Turkey’s golden bullion export is Iran, said Turkish Deputy Prime Minister Ali Babacan in a parliamentary session late Nov. 23.

Iranians are buying Turkish gold with the Turkish Lira, which is deposited into their bank accounts in exchange for Turkey’s natural gas purchases from the Islamic republic, the deputy prime minister said. U.S. dollars are unable to be transferred into the country due to international restrictions and U.S. sanctions.

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