SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: bentway12/8/2013 11:51:24 AM
   of 1575623
 
Iran's Rouhani: Nuke Deal Already Boosting Economy

PLAYS UP SUCCESS OF SANCTIONS RELIEF IN FACE OF CRITICS

By Newser Editors and Wire Services
newser.com
Posted Dec 8, 2013 8:11 AM CST

(NEWSER) – Iran's President Hassan Rouhani said today that last month's nuclear deal with world powers has already boosted the country's economy, as he continues a push to convince skeptics of the benefits brought by the pact's partial sanctions relief. Rouhani told an open session of parliament that, after the "success" of the talks, investors were gravitating to businesses and the stock exchange. "Economic activities have been shifted to the stock exchange from gold, hard currency and real estate," said Rouhani in his televised speech.

Rouhani has recently stressed the deal's offer of sanctions relief in return for a halt to parts of Iran's uranium enrichment program to challenge criticism from hard-liners who say Iran is giving up too much for too little. The Obama administration estimates relief from some sanctions in exchange for a temporary pause in Iran's nuclear enrichment program will amount to just $7 billion, a meager amount for a nation of nearly 80 million people; it's less than one month's worth of Iran's oil production and just 7% of Iran's overseas cash that remains frozen under the sanctions. Nonetheless, analysts say that the deal is a first step toward economic normalcy, and thus is likely to have a psychological effect that could boost markets. Rouhani spoke as inspectors from the UN nuclear watchdog began their visit to a heavy water production plant that Iran agreed to open to inspection last month.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News