The Islamic Republic Of Iran

Decent Essays

جمهوری اسلامی ایران, otherwise known as the Islamic Republic of Iran, or Persia, is currently the 17th largest nation in the world (2nd in the Middle East) with a current population of around 78.4 million people. Modern day Iran was established on April 1st, 1979 following the overthrow of the Pahlavi Dynasty though events now referred to as the Iranian (or Islamic) Revolution of 1979. Iran is one of the four Islamic states in the Middle East that operate independently, and under Sharia, or Islamic law at the same time. The official language of Iran is Persian, and the official religion is Shia Islam. The capital city of Iran is Tehran, indicated in the map above. Tehran, which is located in the province of Tehran, is currently the largest city and urban area in all of Western Asia. The domestic currency is the Iranian Rial (IRR), which is currently equivalent to 0.000035 US Dollars. The current Chief of State is the Supreme Leader Ayatollah Ali Hosseini-Khamenei and the current Head of Government is President Hassan Rouhani.

Political Risk
Attitudes of Consumers in Iran
Due to Iran’s large population and burgeoning middle class, Iran has traditionally generated a prosperous consumer market. However, due to current economic sanctions, high inflation, a weak currency, and falling levels of disposable income, consumer spending as a whole is relatively low. Nonetheless, the demand for goods, foreign and domestic, remains high. When asked about the Iran’s

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