Iran Eyes $50B In Foreign Investments To Fuel Economy Post Removal Of Sanctions

Iran expects foreign investments worth $50 billion to drive financial resurgence in an economy that has suffered Western sanctions for a decade, said Valiollah Seif, the country’s central bank governor. Iran’s $400 billion economy has attracted initial interest from some Western investment firms, which are looking to benefit from the country’s relatively untapped markets and its massive oil reserves — home to 10 percent of the world's proven crude oil reserves.