November 10, 2012

Iran bans "luxury" imports like cellphones, toiletries

r.jpeg The Islamic Republic announced Thursday a ban on imports of 75 so-called luxury products — ranging from high-end cars to toilet paper to cell phones — part of efforts to promote domestic products and stem the outflow of dollars and other foreign currency as Western economic pressures increasingly choke off Iran's commerce and critical oil revenue.

[via The Denver Post. Image from Reuters]

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