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When Iran’s foreign minister returned to Tehran this week on the heels of a widely hailed nuclear agreement co-signed by its long-time nemesis, a deep sense of relief permeated the Iranian business community.
Although the six-month accord, which limits Iran’s uranium enrichment in exchange for minor sanctions relief, isn’t expected to have an immediately tangible impact on Iran’s struggling economy, the business sector has adopted a pragmatic and positive long-term view.
Even though the harshest sanctions against Iran, the ones targeting the country’s oil exports and banking sector, will remain in place, analysts say the Geneva agreement has engendered a sense of cautious optimism that will promote domestic investments beyond typical safe havens such as US dollars, the Tehran Stock Exchange, or gold.
Click to see full story- Christian Science Monitor
Although the six-month accord, which limits Iran’s uranium enrichment in exchange for minor sanctions relief, isn’t expected to have an immediately tangible impact on Iran’s struggling economy, the business sector has adopted a pragmatic and positive long-term view.
Even though the harshest sanctions against Iran, the ones targeting the country’s oil exports and banking sector, will remain in place, analysts say the Geneva agreement has engendered a sense of cautious optimism that will promote domestic investments beyond typical safe havens such as US dollars, the Tehran Stock Exchange, or gold.
Click to see full story- Christian Science Monitor