Iran Government Rolls Out Measures to Regulate Cellphone Market

During the recent weeks, the prices of mobile phones have gone on a bullish run in Iran’s technology market. The exorbitantly high prices have enraged buyers and disrupted business. In order to bring the derailed market back on track, the ICT Ministry is rolling out measures to regulate the sector.
Late on Sunday, mobile phone sellers shuttered their shops at Tehran’s major technology shopping centers Charsou and Aladdin, gathering in a protest calling on the government to step in.
ICT Minister Mohammad Javad Azari-Jahromi met with the protesters to address their concerns. He tried to reassure both the sellers and customers saying that soon a plan to regulate the market will be introduced.
Over the past weeks, with the Iranian rial falling sharply to unprecedented lows, the prices of electronics have skyrocketed in the country. Furthermore, visiting shops many customers face empty racks with sellers telling them that due to fluctuations in the foreign exchange market, importers have bottlenecked supply.