Iranian authorities have announced a ban on the import of over 1,300 goods in order to protect the country’s currency from the worst effects of the latest US sanctions.
The Tehran Times reported that the list of prohibited imports will include home appliances, textile products, footwear and leather products, as well as furniture, healthcare products and some machinery.
The Iranian rial is under heavy pressure after the US announced further sanctions that will accompany President Donald Trump’s decision to withdraw from the nuclear deal. Iran’s industries and trade minister Mohammad Shariatmadari said the ban focused on goods that could be produced domestically, thus reducing the need to spend precious currency on foreign goods.
