Iran plans to slice off four zeros from national currency

Nigar Abbasova
Author

The Iranian government submitted a bill to the Parliament on Saturday, proposing the removal of four zeros from the national currency and the conversion of its unit from rial to toman, Report informs via IRNA.

The administration of President Massoud Pezeshkian stated that the goal of the legislation is to reduce the setbacks caused by long-lasting inflation and the decline in the purchasing power of the national currency.

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