Iran revives plan to remove four zeros from currency over economic turmoil
Iran’s parliamentary economic commission has revived a stalled plan to drop four zeros from its currency, the rial, in an effort to simplify financial transactions and improve the currency’s image. The proposal, approved by the commission, would redefine one currency as equivalent to 10,000 current rials, subdivided into 100 gherans. Originally proposed in 2019, the … Read more