A money changer in Tehran displays a $100 bill with the equivalent amount in Iranian rials.
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
A multitude of business regulations – 182,000 by one minister's count – stands in the way of a rapid flow of foreign investment into Iran after the lifting of nuclear sanctions ended its long isolation from global commerce.Some foreign firms have already signed letters of intent with Iran since the international sanctions imposed over its nuclear program were lifted Saturday and many more want to trade with its market of about 80 million people.However, major foreign investment will take at least six months to arrive, experts say, as firms navigate the web of bureaucracy, opaque ownership structures and powerful Iranian lobbies that bristle at foreign competition.President Hassan Rouhani, who championed the nuclear deal, has ordered his government to facilitate foreign investment but also warned of the "long road" to Iran's economic integration with the world.Many foreign businesses, however, are hesitant to take on long-term commitments in a market that is still fraught with political risk.
FOLLOW THIS ARTICLE