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Iranians hope nuclear deal will boost economy

The deal to roll back Iran's nuclear program will ease economic sanctions and help boost the nation's battered economy
Iranians desperate for sanctions relief cheer nuclear deal 01:54

(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 CBS News
     
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 CBS News
   

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.

Obama defends Iran nuclear deal as victory for diplomacy 02:14
 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.


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