business โฝ Iran pushes for local economy amid US sanctions
Iranian authorities are asserting that domestic capacities will sustain the economy despite new US sanctions unveiled this week. The government, led by figures like Economy Minister Ali Madanizadeh, is executing a two-year self-sufficiency plan across Iran. As of Tuesday, the national currency hit a low of 2.05 million rials against the US dollar amidst economic turmoil. Tehran is stockpiling goods and rationing energy while urging citizens to boost local manufacturing. Looking ahead, officials state that improving conditions in the next year are not expected. ๐