Connect to share and comment
The Islamic Republic tries to shore up its struggling economy.
Iran today blocked imports of 75 luxury goods in an effort to boost domestic manufacturing and keep the currency in-country, reported the Associated Press, making foreign-made items like mobile phones, laptops, cars, and clothing no longer available to consumers there.
More from GlobalPost: Sattar Beheshti, Iranian opposition blogger, dies days after arrest
Iran's economy is struggling after being hit with a rash of economic sanctions over its disputed nuclear program. Western countries fear the Islamic Republic is using the program to make a bomb, a charge Iran denies.
Reuters cited the state-run Iran Daily as saying the goods will remain unavailable pending a "final review."
The move represents Iran's "most sweeping measure so far" to help aid its crippled economy, according to AP.
The country's foreign import costs run about $50 billion a year, Reuters said, citing government sources.
Commerce Ministry official Sasan Khodaei told local press that luxury items account for about $4 million a year. "By stopping permits on them there will be a remarkable saving of hard currency," he told the IRAN newspaper today, reported AP.
Iran in October prohibited the export of a number of basic items, including wheat, flour, and sugar, said Reuters.