Iranian rial

Iran to slash four zeros from rial - media

Iran’s Central Bank has proposed slashing four zeros from its battered currency. “A bill to remove four zeros from the national currency was presented to the government by the central bank yesterday and I hope this matter …

Iran to replace dollar with euro in financial reports

Tehran will start reporting foreign currency amounts in euros rather than US dollars, state media said as part of the country's effort to reduce its reliance on the US currency due to political tension with Washington. The new …

Iran to switch currency from rial to toman

The administration of Iran's President Hassan Rouhani approved a bill to switch Iran's national currency from rial to toman, the secretary of the Cabinet Mohsen Haji Mirzaei said. According to …

Why Iran's Rial Hit an All-Time-Low Against the US Dollar

Today $1 costs 100 thousand Iranian rials, that is an all-time-low rate against dollar. Although several reasons for the slide have been put forward by economists – amongst them the strength of the dollar against other currencies in the …

Iran’s Cabinet passes monetary reform motion

Iranian President Hassan Rouhani’s cabinet on Wednesday approved a motion put forward by the Central Bank of Iran (CBI) to change the national currency from rial to toman, leading to a ten-fold decrease in banknote denomination...