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Iranians, worried about the potential impact of the latest sanctions, have appeared focused on buying up dollars and gold coins instead of depositing money in the banks that are offering interest rates far lower than the inflation rate. The sanctions have amplified those worries and also led to the government reducing from $2,000 to $1,000 the amount of dollars travelers can take with them as they leave the country. The latest move appeared primarily aimed at curbing street trade of foreign currency, but it had a broader impact. While money changing shops open, they were largely reluctant to do any business, and most currency traders on the street abandoned their corners. "The market is full of security agents," said Hassan Rahamani, one of the dealers, adding that there has been little business since Sunday. The official IRNA news agency said Monday that dealers are doing business secretly while the semiofficial Fars news agency reported that more agents were to hit the streets.
[Associated
Press;
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