A vendor counts money in a shop in Tehran's Grand Bazaar in this January 19, 2009 file photo. REUTERS/Raheb Homavandi
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Iranian police clamped down on foreign-exchange offices while the central bank introduced new measures to encourage bank deposits, as a rial depreciation threatens to push up prices amid growing discontent.Shortly after, the central bank said it had authorized lenders to offer 20 percent interest on one-year rial deposits from this Saturday for a period of two weeks, state-run Mehr news agency reported.The government of President Hassan Rouhani is under growing pressure from its political opponents and ordinary Iranians to prove it can revive the economy, with foreign investors wary of further U.S. sanctions as President Donald Trump intensifies his confrontation with the Islamic Republic.Officials from Rouhani to central bank Governor Valiollah Seif have in recent weeks sought to downplay the depreciation of the rial and portray it as temporary.
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