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                                        Volume. 11868

Rouhani administration facilitates foreign investment in Iran: report
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TEHRAN - The administration of Iranian president Hassan Rouhani has facilitated foreign investment in the country, the Iranian ministry of economy said in a report. 
 
The administration has approved 35 foreign investment plans, worth $1.2 billion, since it took office about 100 days ago, the Fars News Agency cited the report on Wednesday.
 
According to the report, the number of real and legal entities, as well as Iranian expatriates, ready to invest in Iran has increased during recent months. 
 
Moreover, direct talks with banking systems of India, Pakistan, Oman, Afghanistan, Tajikistan, and Sri Lanka has paved the way for removing problems for money transfer.
 
On November 27, Iranian Government Spokesman Mohammad-Baqer Nobakht said that some $50 billion will be poured into the Iranian economy annually if the unjustified international sanctions against the country are lifted.
 
On November 24, Iran and the six major powers reached a historic deal on Iran’s nuclear program. 
 
In return for the steps that Iran would take under the agreement, “the P5+1 is to provide limited, temporary, targeted, and reversible relief while maintaining the vast bulk of our sanctions, including the oil, finance, and banking sanctions architecture.”  
 
Iranian President Hassan Rouhani has promised reforms that would help in boosting production as part of efforts to kick-start the country’s sanction-hit economy, according to an article published in September by the Financial Times.
 
Since he took office in August, Rouhani has made improving the country’s economy a priority.
 

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