President Recep Tayyip Erdoğan on Saturday said that Turkey was preparing to trade with its top trade partners like China, Russia, Iran and Ukraine in local currencies instead of the U.S. dollar, adding that it was also ready to do the same with European countries.

Addressing the ruling Justice and Development Party (AK Party) members i,n the Black Sea province of Rize, President Erdoğan also branded interest rates a "tool of exploitation" which should be kept as low as possible.

Source : Reuters / 19 Jul 2014

Iran will be allowed to access an additional $2.8 billion of its frozen assets during a 4-month period of extended talks with six powers on its nuclear program but most sanctions against Tehran will remain in place, the United States said on Saturday.

Source : Al Arabiya with Reuters / 26 Nov 2013 

Former head of Iran’s chamber of commerce Alinaqi Khamoushi told the official IRNA news agency on Sunday that the United States has released about $8 billion of the Islamic republic’s frozen assets.

“The agreement will open a new path towards Iran,” Khamoushi told IRNA, after Iran and the six world powers signed a breakthrough agreement to restraint Tehran’s nuclear program in exchange for limited sanctions relief.

Source : Presstv / 22 Aug 2013

In a letter to UN Secretary General Ban Ki-Moon, President of Iran’s Academy of Medical Sciences Dr. Alireza Marandi has blasted Washington for exacting sadistic revenge on Iranian children through their inhuman sanctions against the nation.

Following is the complete text of the letter received by Press TV.

Source : Al Arabiya with Agencies / 4 June 2013

The United States announced additional sanctions on Iran Monday targeting its currency and automobile industry, stepping up pressure over Tehran’s nuclear program.

An executive order by President Barack Obama authorizes sanctions on foreign financial institutions that make transactions in the rial currency or keep accounts denominated in the rial outside the country.

Source : Reuters / 20 May 2013

Islamabad has authorized the export of 100,000 tons of wheat to Iran in trade not jeopardized by Western sanctions, to settle dues for electricity supplied to Pakistan’s energy-starved border areas, the Commerce Ministry said on Friday.

The shipment of 100,000 tons was to have been delivered to Iran in mid-February but was delayed by preparations for Pakistan’s May 11 election.

Source : Reuters / 20 Apr 2013

Oil prices pushed towards $100 a barrel on Friday, recovering some ground after a steep six-day fall as bargain hunters stepped in, although worries about global demand and oversupply kept a lid on the rebound.

Analysts said the market seemed to be stabilising after a week of heavy liquidation, in which prices tumbled from over $106 along with a rout in gold and industrial metals.

Source : Reuters / 30 Mar 2013

Turkey exported almost $120million worth of gold to Iran in February, data showed, suggesting the two countries’ trade of gold for natural gas has resumed despite tighter U.S. sanctions, though at levels below last year’s peaks.

U.S. officials have sought to prevent Turkish gold exports from providing a financial lifeline to Tehran, which has been largely frozen out of the global banking system by Western sanctions over its nuclear program.