Trade between Iran and Turkey has risen nearly 50 percent this year, according to the state-run Islamic Republic News Agency (IRNA). The monetary value of Iran-Turkey trade reached $20 billion in a 10-month period ending in November, the news agency reported.
Of the $20 billion in trade, $7 billion resulted from Turkish exports of gold to Iran. The reason: Turkey has been importing Iranian oil and gas, and has been compensating the Islamic Republic in gold, beginning in February.
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