EghtesadOnline: Iran’s auto industry has been in a state of tumult ever since the hawkish US President Donald Trump reneged on the historic 2015 nuclear deal, creating economic uncertainty in the country as baffled Iranians saw the dollar exchange rate and prices of many goods including vehicles hit unprecedented highs. Since then, Iranian authorities and carmakers have rushed in to mitigate the damage caused by Trump’s underhand move.

EghtesadOnline: Following the hike in the dollar exchange rate in Iran which has perturbed the public and driven commodity prices to unprecedented highs, some mobile importers have turned to profiteering to make big bucks out of the public distress. Tehran’s prosecutor has ordered the confiscation of 100,000 smartphones from the culprits in an attempt to help regulate the disturbed market.

EghtesadOnline: Following the hike in the dollar exchange rate in Iran which has perturbed the public and driven commodity prices to unprecedented highs, some mobile importers have turned to profiteering to make big bucks out of the public distress. Tehran’s prosecutor has ordered the confiscation of 100,000 smartphones from the culprits in an attempt to help regulate the disturbed market.

EghtesadOnline: Seventy days after the government decided to unify the US dollar's exchange rate at 42,000 rials and assure importers that all hard currency needs would be fulfilled at that rate, it is abandoning those promises in favor of a more restricted list eligible to receive foreign exchange at that cheap rate.