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Turkey to triple trade with Iran to $30bn

Tehran - Tufenkci told Reuters on Thursday that the January removal of sanctions against Iran has already prepared the grounds for Tehran and Ankara to boost the level of their mutual trade.

Tehran - Tufenkci told Reuters on Thursday that the January removal of sanctions against Iran has already prepared the grounds for Tehran and Ankara to boost the level of their mutual trade. “Banking and financial transactions have become easier (for Turkey) after the sanctions on Iran were softened, already boosting our business with Iran,” said Tufenkci. Trade between Iran and Turkey rose to $21.9 billion in 2012, then fell below $10 billion in 2015 due to the sanctions.
The Turkish and Iranian central banks have re-opened their connection on the SWIFT global transaction network, Reuters cited comments by an Iranian economy official in an interview earlier this month, in a sign of normalization of banking ties... continue reading

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