Iran’s Currency Reform Plan and Its Economic Significance
In 2025, Iran’s parliament approved a long-pending currency reform plan aimed at stabilising the economy, simplifying transactions, and restoring public confidence in the national currency. Under this reform, four zeros will be removed from the Iranian rial, converting 10,000 old rials into 1 new rial, while retaining the same currency name. The new rial will be subdivided into 100 smaller
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