No mention of the fact that the Rial has recently bounced back against the USD, shedding most of its losses. No mention that the Tehran Stock Exchange is near all time highs as Iranian exporters are having a heyday.
Should Iran slash four zeros from the rial ? so 100,000 Rial would = 10 Rial ?
Considering how volatile Iran's currency has been lately I don't think it would be an intelligent move to print new bills & replace all the old bills. With Iran's economy looking to go into a two year recession, the government should avoid spending $$$ on vanity projects like this.
Isn't 4 zeros too much ? what about 2 zeros ? So that way 100,000 Rial = 1000 Rial ?
Or 3 zeros so 100,000 Rial =100 Rial ?
Personally I think 2 zeros would be alright & I believe that the government should do everything in their power to make sure the Rial doesn't go past 100,000 Rials. I mean of course lower it if possible however do not allow it to go up much more than that. It's a nice round number & at least exporters can work with it.
https://www.express.co.uk/news/world/1068097/iran-news-rial-currency-to-USD-dollar-economy
Iran crisis: Country could slash four zeros from rial currency as economy plummets
https://cryptoiq.co/iran-ready-to-l...s-slashing-four-zeroes-from-iranian-rial-irr/
Iran Ready to Launch National Cryptocurrency; Central Bank Proposes Slashing Four Zeroes from Iranian Rial (IRR)
