Iran decides to remove four zeros from its currency
Iran decides to remove four zeros from its currency
2025-11-23
Iranian President Masoud Pezeshkian issued a decree to implement an amendment to the Iranian Central Bank Law to remove four zeros from the national currency, the rial.
According to this amendment, the Central Bank determines the Iranian national currency, the “Rial,” and announces it within the framework of the “Governing Currency System.”
According to the statement, the central bank is responsible for determining the exchange rate, but it must also take into account the country’s legal obligations and the amount of foreign exchange reserves.
burathanews.com
