Rial

Tehran Chamber of Commerce cautions against undesired currency redenomination results

The idea of removing zeros from the rial has been floated several times in Iran over the past years. This may come true during the two years remaining in President Hassan Ruhani’s tenure. His government drafted a bill to this effect and sent it to the Parliament on Wednesday to be debated.

Financial Markets

Toman: Iran government passes bill to slash four zeros from currency

Tehran has been planning since 2008 to redenominate the national currency as it continued devaluation. Now, the government is pushing the plan forward following the drastic loss of the currency value last year after the restoration of economic sanctions on Tehran in 2018.

Financial Markets

Toman instead of rial: Iran to cut four zeros from currency in two years

Tehran has been planning since 2008 to redenominate the national currency as it continued devaluation. Now, the government is pushing the plan forward following the drastic loss of the currency value in 2018 after the restoration of economic sanctions on Tehran in 2018.

Financial Markets

Iran mulls slashing zeros from currency

The idea was floated in 2008 under the previous administration of President Mahmoud Ahmadinejad but didnt move forward. The current situation with recent rial devaluation has spurred authorities to push it forward.

Financial Markets