US President Barack Obama said on Friday it will take time for Iran to rejoin the global economy. "It will take time for Iran to reintegrate into the global economy, but Iran is already beginning to see the benefit of this deal," AFP quoted Obama as saying at a meeting of world powers in Washington. He further emphasized that the Iran nuclear deal has been successful so far, but emphasized that more work still needs to be done to implement the agreement. "Full and continued implementation is going to take the same kind of cooperation and consultation," Reuters quoted Obama as saying at the Nuclear Security Summit. Iran saw a series of draconian economic sanctions lifted in mid-January when a nuclear deal that it had sealed with the P5+1 – the five permanent members of the Security Council plus Germany – was eventually implemented. The lifting of the sanctions has so far best manifested itself in a rise in the country’s oil sales as well as orders for purchases of planes. Nevertheless, international businesses are still wary about doing business with Iran given that restrictions in trading with the country in dollar remain. Earlier this week, unnamed officials in Washington were quoted by the media as saying that he Obama administration may soon allow dollars to be used in doing business with Iran.

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