Iranians struggling under sanctions could see relief

Global Business

Sanctions have cost Iran heavily. Aimed at preventing Iran from importing equipment to create nuclear weapons, the prospect of lifting trade sanctions will be a huge relief for Iranians. CCTV’s Owen Fairclough filed this report from Washington.

Iranians struggling under sanctions could see relief

Iranians struggling under sanctions could see relief

Sanctions have cost Iran heavily. Aimed at preventing Iran from importing equipment to create nuclear weapons, the prospect of lifting trade sanctions will be a huge relief for Iranians. CCTV's Owen Fairclough filed this report from Washington.

Highlights:

  • Figures from Iran’s Central Bank show the price of medicine and health products has gone up by a third over the last year.
  • Prices for food and clothing has risen by as much as 15 percent.
  • The International Monetary Fund says prices will rise about 20 percent this year in Iran, similar to 2014.
  • The average Iranian earns about 500 dollars a month.

Nader Habibi on the Iran sanctions

For more on the impact of the Iran sanctions CCTV spoke to Nader Habibi, professor of the Economics of the Middle East, at Brandeis University.

Nader Habibi on the Iran sanctions

Nader Habibi on the Iran sanctions

For more on the impact of the Iran sanctions CCTV spoke to Nader Habibi, Professor of the Economics of the Middle East, at Brandeis University.