The rial will be renamed the toman, possibly boosting national pride. After years of negotiations, Iran's Parliament finally has approved dropping four zeros from its national currency, the rial, and ...

ERBIL, Kurdistan Region - Iran’s top vetting body on Sunday approved a parliamentary decision to slash four zeros from the national currency, state media reported. The move aims to simplify financial ...

The Iranian rial has plummeted to historic lows against the US dollar, reaching approximately IRR1,085,000 per dollar according to free market exchange rates in out-of-hours trading on September 26, ...

"The currency remains the rial and changes won't be overnight," said Shamsoldin Hossein, head of parliament's economic commission, in an interview with state TV. "The Central Bank has up to two years ...

According to Fatemeh Mohajerani, a representative of the government of the Islamic Republic, this measure is intended to "ease the psychological pressure" on the population DUBAI, August 12. /TASS/.