Why Iran is removing four zeroes from its currency: The reason behind the major reform
Iran is set to remove four zeros from its national currency, the rial, in a major redenomination effort. This move aims to tackle years of high inflation and a severely depreciated currency, simplifying transactions and restoring public confidence. The reform aligns with local practice and will allow a three-year transition period for both old and new rials to circulate.
Iran is set to remove four zeros from its national currency, the rial, in a major redenomination effort. This move aims to tackle years of high inflation and a severely depreciated currency, simplifying transactions and restoring public confidence. The reform aligns with local practice and will allow a three-year transition period for both old and new rials to circulate.
