Surprise Me!

'People have more confidence to buy' - Tehran shoppers react to Iran sanctions relief

2013-11-29 151 Dailymotion

There is relief, and some optimism, on the streets of Tehran following Iran’s deal with world powers over its nuclear program.<br /><br />The sanctions relief for Iran within the deal has provided hope that the country’s shackled and shrinking economy may be given a new lease of life.<br /><br />Shopping in Tehran, Nahid Habibi said attitudes had changed overnight: “People now have more motivation to buy gold. There’s more confidence for shoppers. I personally feel that it is less likely that I’ll lose out if I buy stuff,” she said. <br /><br />Iranian government spokesman Mohammad Baqer Nowbakht told reporters there was no doubt the sanctions relief would have a “positive impact on the economy”.<br /><br />International sanctions have cost Iran an estimated 120 billion dollars (around 90 billion euros) in lost revenues since 2010. Its oil exports have also plummeted during that time.<br /><br />Global investors appear confident that the situation is going to improve. Oil prices and gold prices fell sharply on the news that a nuclear deal had been reached.

Buy Now on CodeCanyon