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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Iran's rial fell to a record low Monday, breaking through the 50,000-to-the-dollar mark for the first time as analysts blamed uncertainty from Washington.The rial has lost around a quarter of its value in the past six months, hitting 50,860 against the U.S. dollar, according to Financial Informing Network, a trusted Iranian website for open market currency rates. Iran's government took drastic measures last month to stem the decline in the free market rate, arresting foreign exchange dealers, freezing speculators' accounts and raising interest rates.Many analysts believe Trump will pull out of the 2015 nuclear deal with Iran when it next comes up for renewal in May, bringing back crippling sanctions.Iranian banks have tried to counter this by offering interest rates as high as 20 percent.
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