Photo shows new Iranian bank notes of one million, 500,000, and 100,000 rials on August 3, 2025. (AFP Photo)
August 04, 2025 01:39 AM GMT+03:00
Iran’s parliament on Sunday revived a long-delayed plan to slash four zeros from the national currency, the rial, in a bid to simplify financial transactions and restore confidence in the country’s battered economy.
“Today’s meeting of the economic commission approved the name ‘rial’ as the national currency, as well as the removal of four zeros,” said Shamseddin Hosseini, chairman of the commission, according to the parliament’s website ICANA.
Under the proposed redenomination, one new rial…
