Currency Revaluation in Iran
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July 12,2021Lawmakers are studying a proposal by the government and the Central Bank of Iran to slash four zeros off the national currency and switch the national currency from the rial to toman. "The... -
May 04,2020The Majlis passed a bill Monday to change the monetary unit from rail to the popularly used ‘toman’. As per the new law, four zeroes will be shaved off from the national currency. “Iran’s...
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February 19,2020The Majlis Economic Commission on Wednesday approved the provisions of a monetary bill based on which four zeros will be shaved off the national currency. As per the proposed ‘Reforming Monetary...
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August 23,2019In a comparative study the Economic Research Department of Tehran Chamber of Commerce, Industries, Mines and Agriculture has probed the experience of currency redenomination in other countries and...
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August 21,2019President Hassan Rouhani sent the rial redenomination bill to the Majlis on Wednesday for debate. As per the ‘Reforming Monetary and Banking Law’ bill, four zeros will be shaved off the national...
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August 13,2019Head of Tehran Chamber of Commerce, Industries, Mines and Agriculture says lopping off zeros from the national currency will not produce the desired results unless the initiative is intertwined...
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August 06,2019Governor of the Central Bank of Iran says lopping off four zeros from the national currency will not impose additional costs on the government regarding printing banknotes.
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July 31,2019The government on Wednesday approved a central bank proposal based on which four zeros will be shaved off and the national currency rial and the change from official rial to the popularly used...
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April 16,2019The plan to remove four zeros from the rial is on the government agenda, again. The oft-mentioned move was proposed in the past by Central Bank of Iran as part of a broader plan to revisit the...
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January 07,2019The governor of Central Bank of Iran says the initiative to remove four zeros from the national currency will take up two years because first the legal and technical infrastructure must be in place...
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January 06,2019Governor of the Central Bank of Iran Abdolnaser Hemmati said Sunday the regulator has proposed to the government lopping off four zeros from the rial. In a meeting with a group of lawmakers,...
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September 10,2017While foreign currency rates, especially the US dollar, are gradually rising in the market, the...
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April 02,2017Executing currency revaluation in Iran by removing one or more zeroes from the rial will...
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December 12,2016The news last week that Iran is switching its national currency to toman was more than just...
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December 09,2016If the decision made by the Cabinet to change Iran’s monetary unit is implemented, Iranian...
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December 07,2016The government has approved changing Iran’s monetary unit from rial to...
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November 13,2016Addressing renewed calls for dropping three zeros from Iran’s national currency, Ali Tayyebnia...
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November 01,2016Lawmakers will back the promotion of financial technologies and innovations...
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August 18,2015The plan to cut zeros from the Iranian national currency—the rial—has been deliberated by the...
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April 11,2015Lopping zeros from the rial is not high on the agenda of the Central Bank of Iran or the Money...
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April 04,2015Central Bank Governor Valiollah Seif said on Saturday that the bank will by no...
