Iran Plans to Remove Four Zeros From Rial Amid High Inflation

Iran’s parliament has approved a plan to redenominate the national currency by removing four zeros from the rial, effectively turning 10,000 current rials into 1 new rial, officials and media reported Oct. 5–6, 2025. The proposal includes introducing a new subunit (often referenced as qiran or qeran), a transition period of up to three years […]
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