Iran loosens import restrictions on foreign cars and iPhones, trying to mask its economic woes

Amirhossein Azizi, an architecture student in Tehran, purchased the latest iPhone for his 19th birthday, costing him 1.6 billion rials ($1,880) plus additional fees. Iran lifted import bans on expensive goods to boost its economy, generating tax revenues and benefiting the wealthy elite. The decision to allow high-end imports like iPhones and restrict foreign car imports has had mixed effects on Iran’s economy and its citizens, with sanctions and currency devaluation causing financial hardship for many.

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