In 2018, Trump withdrew from the 2015 agreement made by his predecessor, Barack Obama, under which Iran agreed to limit uranium enrichment in exchange for the easing of US and UN economic sanctions.
Iranian leaders are likely concerned that Trump might allow Israeli Prime Minister Benjamin Netanyahu to attack Iranian nuclear sites while intensifying US sanctions on Iran's vital oil industry.
Iranians are seeking to protect their savings by purchasing dollars, other hard currencies, gold, and cryptocurrencies, as inflation rates hover around 35%. The rial has depreciated by about 18% since Trump's election in November.
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