Iran economy moving from bad to less bad

Category: Iran

Most analysts watching Iran's economy agree that Rouhani has made positive changes after inheriting an economy in ruin from his presidential predecessor Mahmoud Ahmadinejad. That said, Iran's nowhere near where it would like to be economically, and foreign investment is likely to remain limited as long as the nuclear issues remain unresolved.

"Unless there's a nuclear deal and sanctions are eased, Iran's economy is unlikely to improve significantly," said Alireza Nader, international policy analyst at Rand Corp. "Iran's economy is still in bad shape."

Read MoreObama condemns Russia, calls for action against ISIS

Turquoise handles 90 percent of the foreign inflows into the Iranian stock market, and Rabii admitted that despite increased interest from overseas, it's still difficult to get investors to commit money, because of sanctions worries.

"We're even getting more interest from investors in the United States," he said. "Although when we do, we have to tell them U.S. law prohibits investment in Iran."

More here:
Iran economy moving from bad to less bad

Related Posts
September 24th, 2014
No comments yet

Comments are closed.