The largest deletion of zeros in history.

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The largest deletion of zeros in  history. Empty The largest deletion of zeros in history.

Post  Admin on Fri Jan 11, 2019 7:54 am

the central Bank of Iran proposed to delete four zeros from its besieged currency (rial) According to Reuters, as it lost more than 60% of its value during 2018.

Governments usually delete zeros when their currency loses purchasing power rather than issuing large categories of currency.

The elimination of zeros is not new in Iran, it was preceded by Venezuela when it omitted five zeros, and Iraq which has already deleted zeros from Iraqi dinars...

https://arabic.rt.com/infographics/


Last edited by Admin on Fri Jan 11, 2019 8:10 am; edited 1 time in total

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The largest deletion of zeros in  history. Empty Re: The largest deletion of zeros in history.

Post  Admin on Fri Jan 11, 2019 8:09 am

The largest deletions of zeros in history
RT

The Central Bank of Iran has proposed the deletion of four zeros from its besieged currency (riyal), according to Reuters, as it lost more than 60% of its value in 2018.

Governments usually delete zeros when their currency loses purchasing power rather than issuing large categories of currency.

The issue of canceling zeros is not new in Iran. It was preceded by Venezuela when it deleted 5 zeros and Iraq, which has already deleted zero zeros from Iraqi dinars. Turkey eliminated 6 zeros in 2003.




https://arabic.rt.com/photolines/993712-%D8%A3%D9%83%D8%A8%D8%B1-%D8%B9%D9%85%D9%84%D9%8A%D8%A7%D8%AA-%D8%AD%D8%B0%D9%81-%D8%A7%D9%84%D8%A3%D8%B5%D9%81%D8%A7%D8%B1-%D8%A8%D8%AA%D8%A7%D8%B1%D9%8A%D8%AE-%D8%A7%D9%84%D8%B9%D9%85%D9%84%D8%A7%D8%AA/

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