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Iranians hope nuclear deal will boost economy

(CBS News) -- Today President Obama called the nuclear deal with Iran a first step in preventing Iran from building an atomic bomb. Under the agreement worked out over the weekend, Iran said it won't expand its uranium enrichment for six months.  It also agreed to new monitoring.  In return the United States and its allies will ease slightly some economic sanctions that have crippled the Iranian economy.

How is the agreement playing in Iran?

   
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Irans hope their economy will see a boost
CBS News
 

For Iranians desperate for sanctions relief, the Geneva deal delivered as soon as it was signed. Iran's currency started gathering strength to the relief of business owners in Tehran's bazaar.

As one man put it, 75 million people finally slept well last night.

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A business owner in the bazaar
     
Happy crowds turned out to cheer the the Iranian negotiators as they arrived back in Tehran, young people, especially, who hope the deal will bring jobs and revive the economy.

But not everyone was so pleased.

The main conservative newspaper headline read:  Americans not trustworthy.

It's a view shared by thousands of core hardliners.

At a rally last week, the old cry went up: Death to America.

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The old cry went up: Death to America
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The idea of a deal with their number one enemy will be hard to swallow.

But they have no choice as it's got the blessing of Iran's Supreme leader. 

At least for now.

 As for the next round of talks, the complexity and the difficult politics of the next round are likely to make what we've just seen in Geneva look like a picnic. 

The United States and its allies will want Iran not only to freeze its program next time but to actually roll it back. And of course Iran is going to want multi, multi billions of dollars worth of sanctions relief on oil and also on banking.


  • Elizabeth Palmer

    Elizabeth Palmer has been a CBS News correspondent since August 2000. She has been based in London since late 2003, after having been based in Moscow (2000-03). Palmer reports primarily for the "CBS Evening News."