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Embassy of Turkey in Beijing

Ambassador : H.E.Mr.Murat Salim Esenli
Full name: Republic of Turkey
Population: 73.6million (UN, 2011)
Capital: Ankara
Largest city: Istanbul
Area: 779,452 sq km (300,948 sq miles)
Major language: Turkish
Major religion: Islam
Life expectancy: 72 years (men), 77 years (women) (UN)
Monetary unit: Turkish lira
Main exports: Clothing and textiles, fruit and vegetables, iron and steel, motor vehicles and machinery, fuels and oils
GNI per capita: US $9,890 (World Bank, 2010)
Internet domain: .tr
International dialling code: +90

Turkey: Boom in gold exports to Iran 2012-07-11

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Turkey: Boom in gold exports to Iran

International sanctions against Iran have led in a boom in gold exports from Turkey to Tehran, according to Turkstat data published here today.

Turkish gold exports reached a record 4.02 billion dollars in the first 5 months of 2012, of which 3.08 billion dollars' worth was bought by Iran, an 800% increase over last year, according to Turkstat.

A gold buying boom is also taking place in Dubai and India, anonymous Turkish government sources told Zaman online daily, which speculates that wealthy Iranians are buying bullion through dummy buyers, then transferring it to the Iranian Central Bank, which is favoring such deposits as a way to shore the country up against sanctions.