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Iran loosens import restrictions on foreign cars and iPhones, trying to mask its economic woes

  • Iran lifted import bans on foreign cars and new iPhones to meet public demand and improve tax revenues amid economic struggles.
  • Buying an iPhone 16 Pro Max in Iran costs 1.6 billion rials plus import fees of 450 million rials .
  • The Iranian rial has devalued significantly, trading at 928,500 rials to $1, compared to 32,000 rials to $1 a decade ago.
  • Despite lifting some restrictions, the government faces long-term economic challenges and potential public unrest amid ongoing sanctions.
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abc News broke the news in United States on Tuesday, February 11, 2025.
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