Following the protest of the traders against rising prices and the devaluation of the rial against the US dollar, the Iranian government has banned imports of 1,339 products which have been defined as “non-essential goods with domestic counterparts”, in order to prepare its economy to resist US sanctions, according to media reports. The import ban aims to prevent the outflow of $10 billion of foreign currency.
The products in question include home appliances, textile products, footwear and leather products, furniture, healthcare products and certain machinery.
US president Donald Trump withdrew from the Iran nuclear deal known as the Joint Comprehensive Plan of Action on May 8 this year, adding that the US will reimpose economic sanctions on Iran in August and November.