Rouhani hails 'golden' nuclear deal as sanctions against Iran end
Date
1/17/2016 3:38:26 AM
(MENAFN- Asia Times) Iranian President Hassan Rouhani
'The nuclear deal is an opportunity that we should use to develop the country improve the welfare of the nation and create stability and security in the region' Rouhani said.
Tehran also announced the release of five Americans including Washington Post reporter Jason Rezaian as part of a prisoner swap with the United States to reduce decades-old hostility.
As tens of billions of dollars worth of Iranian assets were due to be unfrozen and barriers to international business come down Rouhani said the deal was a 'turning point' for the economy of 80 million people.
It was an opportunity for Iran's economy to cut its 'umbilical cord' to oil while prices were low. Benchmark Brent crude closed below $29 a barrel on Friday and may fall further as Iranhas pledged to raise its supply after sanctions were lifted.
Iran needed foreign investment of $30bn-$50bn to achieve the target of 8% annual growth he said.
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