I Know this is not Iraq but what the heck is going on! Why them?

Iran is considering deleting 4 zeros from its currency and introducing a new currency
17:52 - 16/04/2019


Information / Baghdad ..

Iran's central bank has submitted a proposal to amend the country's monetary system, including the deletion of 4 zeros and the introduction of a new currency, after the devaluation of the riyal to record levels due to US sanctions.

According to the agency "Fares", the economic committee in the Iranian cabinet is considering this proposal, which offers "Altuman" a new currency for Iran.

In its proposal, the Iranian central has set a gradual transition from the riyal to the 24-month Toman, with the aim of withdrawing the old banknotes and replacing them with new notes.

By eliminating the four zeros, Iran aims to facilitate and restore the role of payment instruments in local monetary transactions, reduce the cost of printing and publishing paper currency, and maintain the viability of the monetary system over the coming years, in addition to facilitating the exchange of the national currency against other international currencies. Finished 25 s


https://www.almaalomah.com/2019/04/16/400626/