Between 2014 and 2016, Euromoney made frequent visits to Iran to report on the lifting of sanctions, the impact on the local banking industry and the potential engagement of foreign financiers.
All of that optimism and potential hit a brick wall with the arrival of president Donald Trump in the US and his withdrawal from the Joint Comprehensive Plan of Action (JCPOA) – the Iran nuclear deal – in 2018.
But with Trump gone and Joe Biden in power, could all of that optimism be revived?
Well, not so fast.
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