" Feels terrible" : Iran a year after the American sanctions were reintroduced

TEHERAN: Alireza Says That He Used To Dream Of A Better Future In Iran And Even Saw That He Got A New Car Or House, But Those Days Are Now Gone After He Lost His Job To Apply American Sanctions Again.

My Purchasing Power Has Decreased And My Life Is Under Pressure, Said Alireza, A Veteran From The Iranian Automobile Industry. I Don't See Myself Longer As A Mid-Range. It Feels Terrible. "

It Has Now Been A Year Since The United States Withdrew From A Historic Nuclear Agreement That Iran Promised To Grant Exemption From Sanctions In Exchange For The Scaling Down Of Its Nuclear Program By The Islamic Republic.

In 2015, When Iran Closed The Deal, There Was Great Hope That The Years Of Paralyzing Economic Isolation For The Country Would End.

Hotels Were Unable To Handle The Influx Of Foreign Investors And According To President Hassan Rouhani, Iran Would Benefit From A $ 100 Billion Injection From Foreign Banks And Companies.

When The Deal Worked, It Was Really High Time. They Rented Left, Right And Center And We Didn't Have Time To Scratch Our Heads, Said 42-year-old Alireza, Who Refused To Give His Last Name.

But Everything Turned Around On May 8, 2018, When The United States Withdrew From The Deal, He Told AFP.

Alireza Said He Lost His Job With The French Car Manufacturer PSA Group, After Working For Several Years In Various Functions, Together With Hundreds Of Others, When The First Wave Of Sanctions Against The Car Industry In August Was Imposed.

I ' I Have Searched For A Job Everywhere But Without Success, He Said

Calling The" Nuclear Agreement" The" Worst Deal Ever" , US President Donald Trump Has Repositioned Himself, Sold The Oil And Traded In Metals.

Most International Companies Established After The 2015 Deal In Iran, Including Total, PSA Group And Renault And Germany ' S Siemens, Therefore, Were Forced To Leave The Country Or Minimize Their Presence.

The Loss Of Jobs From Foreign Companies, A Sharp Currency Devaluation And Unbridled Inflation Have Made Life" Grim" . For Alireza And Many Other Mid-Range Iranians.

After About 20 Years As A Sales And Marketing Expert In The Automotive Industry," I Used To Think Of Myself As An Iranian Upper Upper Class," Alireza Said, Who Also Says He Has A Long Record Of Working With Foreign Companies Iran.

In The Good Days Of Sanctions Relief He Could Comfortably Imagine That He Would Get A Bigger House And A Better Car With Some Savings And A Loan.

Still, Unemployment Insurance - Less Than Half Of What He Previously Earned - Is Living With A Weak Future Perspective, Making Upward Mobility A Rare Good.

My Salary Is Gone And House Prices Have Risen ... And It Is About Impossible To Buy A Car Now, Alireza Said, Who Is Married Without Children.

According To The Central Bank Of Iran ' Since March 2018, The Cost Of Houses In The Capital Has Risen By Around 104 Percent And The Price Of Imported Cars Has Grown Out Of Reach For Many.

Employment Is Also Scarce. Major Domestic Automakers Such As Iran Khodro And SAIPA Also Suffer From US Sanctions And Address Their Own Financial Problems.

Alireza Says That He And His Wife Are Still Responsible For Basic Needs Such As Food.

But Although She Is Still Employed, Their Household Income Is Now Slightly More Than A Third Of What It Used To Be.

But For Much Lower Strata Iranians Are Essential Goods Such As Red Meat, Certain Fruits And Vegetables Too Expensive To Buy Because Of The Runaway Inflation.

For Many Iranians, The American Sanctions Of 2018 Reminded Us Of The Pre-nuclear Deal Period, When Multilateral Sanctions Pushed The Country Into Recession.

Alireza, However, Had It Worse, Because He Also Played The Same Dismissal Scenario In 2012.

I ' Ve Two Times Bitten By Sanctions. I Was Just Dismissed In The Same Way In 2012 When (PSA) Closed His Operations And Left, He Said. It ' S Like History That Repeats Itself.

In 2015, The Nuclear Deal Had Given Him Hope For A Steadily Improving Future With Tangible Benefits.

But Now I Don't See That The Future Is Better Than My Recent Past, He Said. Nothing Happens Unless Something Important Changes, Like The Last Time.