As Iran swears in its new president, the main concern for most Iranians is the state of the economy.
Inflation is above 40% and unemployment has rocketed. Young people struggle to find apartments to rent, and couples delay having children
The black market in currency is one of the few businesses doing a thriving trade. People buy dollars from street traders as a way to invest their savings because the rial looses value so quickly.
In central Tehran, Amir sells ultramodern flatscreen TVs. He finds he has fewer and fewer sales these days and puts it down to international politics beyond his reach.
“Sanctions have had a very bad effect. Because of the sanctions, imports have become much less, particularly for those of us who import foreign brands. During the last year, our prices have risen by 100%,” Amir said.
Nearby, in Tehran’s traditional great bazaar where food, electronics, and clothing are traded, business goes on but customers buy just enough for their daily needs.
Seyed Mojtaba Zaferani has had a stall selling kitchen appliances for more than 15 years. He says even these don’t sell anymore.
“In terms of the work force, we cut jobs, because we thought that we wouldn’t need anyone to run the storage or to run the office. In reality, we are running everything ourselves,” said Zaferani.
Our correspondent in Tehran, Olaf Bruns, says that Iranians have learnt to be cautious in their optimism about what to expect from politicians but they want to hope that Rohani can revive the economy. He says:“No-one at the bazaar is interested in Iran’s nuclear programme. What people are hoping for is that the new president manages to ease sanctions and that hence the economic situation improves.”
Copyright © 2014 euronewsMore about:
- 1Kim Jong-un hands high ranking Pyongyang position to his younger sister
- 2Watch: Passengers ‘push-start’ frozen plane in Siberia
- 3Italy: Tourist fined 20,000 euros for damaging Rome’s Colosseum
- 4Australian cricketer Phillip Hughes dies two days after being hit by ball
- 5Thanksgiving turkey pardoned by president
- 1Watch: Passengers ‘push-start’ frozen plane in Siberia
- 2Putin denies he wants to create a new Iron Curtain
- 3Turkish President sparks row by saying women are not equal to men
- 4Clashes as Hong Kong protesters try to regain lost ground
- 5Irony as organised crime prosecutor arrested for corruption in Romania
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Sweden becomes first EU country to recognise the Palestinian State | euronews, world news
- 3Italy swamped by flash floods | euronews, world news
- 4Back to School for Romania’s new First Lady | euronews, world news
- 5What will you ask US Senator John McCain? | euronews, world news
- 6Turkish president Erdogan unveils his new palace of a thousand rooms | euronews, world news
- 7Watch: Passengers ‘push-start’ frozen plane in Siberia | euronews, world news
- 8India PM Modi appoints Yoga minister | euronews, world news
- 9[Live] Rosetta’s Philae lands on comet 67P and enters the history books | euronews, world news
- 10Vladimir Putin most powerful man in the world – Forbes | euronews, world news
- 11European e-revolution people rise up | euronews, world news
- 12International tv news | euronews: European and International tv news bulletin
- 13Where is the best place in Europe for women? | euronews, world news
- 14Nadia Comaneci: gymnast of perfection and defector | euronews, the global conversation
- 15euronews apps : iPhone, iPad, Android, Windows Phone 8, Windows 8, Nokia S40, Nokia Asha, Smart TV and Google Glass
- 16Putin plans to leave G20 talks early amid Ukraine pressure | euronews, world news
- 17Irony as organised crime prosecutor arrested for corruption in Romania | euronews, world news
- 18International breaking news | euronews online world breaking news in video
- 19Transcript of hanged Iranian woman’s final message released | euronews, world news
- 20Syria: Islamic extremists pledge to press ahead with battle for Kobani | euronews, world news
Wires > News
- 22:17 CET France warns African leaders against trying to keep power
- 22:04 CET Taliban kill five in Kabul in attacks on British embassy car…
- 22:03 CET Can man-of-the-people Widodo micromanage 240 million Indonesians?
- 21:56 CET At least 133 killed in tribal clashes in Sudan – tribe leader
- 21:31 CET Argentina charges HSBC with aiding tax evasion via Swiss accounts
- 20:57 CET Thankful to arrive on snowy U.S. holiday with power out, travel…
- 20:36 CET French trial over hit-and-run death suspended after lawyer attacked
- 20:18 CET Portuguese police carry out mass searches in Espirito Santo case