According to Shahre Bourse; Iran’s Parliament has approved a long-discussed plan to remove four zeros from the national currency, the rial, as part of efforts to simplify financial transactions and address inflationary effects.
Under the approved plan, the rial will be replaced by a new unit called the “toman,” valued at 10,000 rials. The move is expected to streamline accounting and restore confidence in the country’s monetary system, though implementation details and the timeline have yet to be finalized.
