The figure suggests the two countries' trade of gold for natural gas has resumed despite tighter US sanctions, though at levels below last year's surge.
Turkey sold no gold to Iran in January, as banks and dealers eyed the implementation of US restrictions on 6 February that tightened control over transfer of precious metals to the Islamic Republic.
TA six-month waiver exempting Turkey from US sanctions, because of its reduction of imports of Iranian oil and gas, is due to expire in July. Ankara, Tehran's biggest natural gas customer, has been paying for energy imports with Turkish lira, because sanctions prevent it from paying in dollars or euros.
Turkey sold $117.9 million worth of gold to Iran last month, while exports to the UAE, which has served in the past as a transit route to Tehran, rose to $402.3 million from $371 million in January.
Turkey's monthly gold sales to Iran peaked last July at $1.8 billion.
2011 GMT:Economy Watch. Mohammad Reza Bahonar --- Deputy Speaker of Parliament and Presidential candidate --- has said that only 20-30% of Iran's economic problems are because of sanctions. The rest, he said, are due to mismanagement.
Speaker of Parliament Ali Larijani has made a similar criticism of the Ahmadinejad Government.
Bahonar, citing "serious spikes in prices", sepcifically blamed President Ahmadinejad's subsidy cuts plans and the manner in which housing projects were implemented. He said many factories had closed or were in danger of doing --- thus the Supreme Leader's declaration of a "Year of National Production” had not been fulfilled.