Iran General NewsIranians in Turkey collecting gold for Central Bank

Iranians in Turkey collecting gold for Central Bank

-

Bloomberg: Wealthy Iranians in Turkey are collecting gold on behalf of the Iranian central bank and exporting it to Iran, Turkey’s Zaman newspaper reported. Bloomberg

By Benjamin Harvey

Wealthy Iranians in Turkey are collecting gold on behalf of the Iranian central bank and exporting it to Iran, Turkey’s Zaman newspaper reported.

The expatriates are strengthening the resources of the Islamic republic’s central bank amid concern over tougher sanctions against Iran, the Istanbul-based newspaper reported, citing a Turkish economy administration official it didn’t name.

Iranians in Dubai and India are also collecting gold and sending it to the Iranian central bank, Zaman said, citing the official. Some gold is being imported into Turkey from Europe, refined or re-shaped and then exported to Iran, Zaman said.

Turkey exported $1.4 billion of gold and precious metals to Iran in May and has shipped $3.1 billion worth in the first five months of the year, up from $13.3 million a year earlier, according to data on the state statistics institute’s website.

Latest news

Open Letter to Rt. Hon. Boris Johnson, MP To Support the Iranian Resistance

Since 2004, after the failed coup against the Iranian Resistance in 2003, carried out by the then French government...

Iranian Regime Ignores Its Main Demand in the Qatar Talks

On the evening of Friday, June 24, the High Representative of the European Union Josep Borrell traveled to Iran...

Regime’s Negligence Makes Iran the Main Loser in Oil Competitions

Last Friday, the Iranian regime’s president Ebrahim Raisi claimed in a meeting that his regime could be a 'stable'...

Dez River Joins the Dried-Up Rivers of Iran

The Iran regime’s insistence on pointless dam construction and the diversion of the rivers has dried up another river...

Iran’s Bankrupted Pension Funds

Four of the Iran regime’s pension funds are currently unable to pay their retirees' salaries and benefits from internal...

Iran’s Pharmaceutical Industry on the Verge of Extinction

In Iran, patients with unique and critical diseases are experiencing intimately suffer from a dire drug and medicine supply...

Must read

Statement released by 3,230 Iraqi law experts on Iran opposition

Iran Focus: Baghdad, Iraq, Jan. 17 – At a...

Hardship blunts Iranian interest in Arab protests

Reuters: Iran's leaders say uprisings in the Arab world...

You might also likeRELATED
Recommended to you