TSE Boss Sees Positive Side of Redenomination

The government decision to lop four zeroes off the national currency could have some positive impact on the stock market, analysts say. 
The move would seemingly have little influence on the fundamental factors affecting share prices, but it is the psychological effect rising from a perception of lower share prices that counts. 
Iran’s parliament passed a law Monday based on which the rial will be replaced by the commonly used toman. As per the law, four zeroes will be removed from the national currency.