Iran to Rename Plunging Currency, Cut Off Zeros

(AFP) Iran on Wednesday approved a plan to remove zeros from the rial and rename the currency as the toman. Currently the rial is trading at around 120,000 to the U.S. dollar, which means anyone without a credit card has to carry around thick wads of banknotes to make everyday purchases.


2019-08-01 00:00:00

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