The Iranian carpet industry collapses under US sanctions

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Once a symbol of cultural prestige, handmade carpets in Iran no longer sell at the speed they were before, as sanctions affect the already troubled economy and change the tastes of buyers. More than two billion dollars are paid for export revenues at its peak in the early 1990s, the industry is now struggling to reveal between about $ 40 million, which represents a major collapse of more than 95 percent.



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