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 BabacanRelated topics
buy country currency due gold international iran iranian market money oil pay possible takeRelated quotes
I am sure that entering the exchange rate mechanism was absolutely right and is still right. I regret that we did not do so five years earlier, but that is history. Economic monetary union must come as soon as possible, and with it the single currency. Industry wants the single currency, and we must pay attention to the requests and demands of industry.
Edward Heath
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Richard Thaler
The transnational corporations and the money markets have declared the era of human-designed regulations over. Now the market must reign. Because few people in the business community are paid to think about phrases such as "Western civilization," they don't seem to realize that they are proposing the arbitrary denial of 2,500 years of human experience.
John Ralston Saul
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George Bernard Shaw
I went to a school that was founded on a lot of very radical ideals of how education should be changed. But what's happening to schools like that sort of all over the country is in economic pressure they're becoming more and more preparatory because that's what people will really pay the money for private schooling for now.
Ezra Miller