"Despite the sanctions and restrictions, Iran's economy is in a predictable state," said the top official. "It will take 4 to 5 months for the removal of sanctions. Once the sanctions are lifted, circumstances [in Iran's economy] will improve and become more competitive."
Following the nuclear deal, President Rouhani issued a directive to lock the billions of dollars that will be released to Iran and use them only for promoting industrial output as well as the development of the country’s infrastructure.
The removal of sanctions - which is expected to start before the end of 2015 - will lead to the unfreezing of Iranian assets that had been blocked in overseas accounts over the past years.
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