Report Iran bans 'luxury' imports - Israel News, Ynetnews
 
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Report Iran bans 'luxury' imports

Published: 11.08.12, 15:58 / Israel News

Sanctions-hit Iran has banned the import of foreign-made cars, laptops, and other 'luxury' goods in the hope of saving billions of dollars in hard currency, a state-owned newspaper reported Thursday.

 

The reported import ban comes as Iran confronts oil and banking sanctions imposed by the West over Tehran's nuclear program that have hit Iran's own currency hard and depleted its foreign reserves. (AP)

 

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