Long lines to buy meat illustrate Iran's economic woes - InfoNews

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Long lines to buy meat illustrate Iran's economic woes

February 07, 2019 - 10:32 PM

TEHRAN, Iran - Iran faces several economic struggles as it marks the 40th anniversary of its Islamic Revolution that ousted Shah Mohammad Reza Pahlavi and brought Shiite clerics to power.

Despite holding some of the world's largest proven deposits of oil and natural gas, Iran has seen a return to long lines for food — a sight last seen during the 1980s war with Iraq. Inflation continues to rise as its currency, the rial, depreciates. University graduates are unable to find jobs.

Part of the economic challenges stem from the re-imposition of U.S. sanctions lifted under the nuclear deal Iran struck with world powers. Those sanctions returned after President Donald Trump decided to pull America out of the accord.

But other problems persist, some dating back to policies instituted after the 1979 uprising.

News from © The Associated Press, 2019
The Associated Press

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