Category Archives: iranian currency

Iranian currency reform is at hand

It appears Iran is about to remove four zeroes from each of its bank notes in a proposed currency reform.
On April 16 the Central Bank of the Islamic Republic of Iran requested the economic committee of the cabinet (Iran has a vice president of economic affairs) put the previously proposed plan to eliminate four zeroes from the national rial currency while introducing a new currency.
The change from a system based on the rial to toman-denominate coins and bank notes was ratified by Iran’s Parliament in December 2016 by the Rouhani administration

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