Iran will remove four zeros from its rial banknotes next year, officially adopting the toman as its currency unit, the ...

Iran's Central Bank has revealed images of the new IRR2mn (200,000 toman) banknote featuring enhanced security features, Fars cited a bank announcement on March 13. The new Iran Cheque note ...

Many young, educated people are leaving the country, exacerbating a brain drain that threatens Iran's long-term development. ...

BAKU, Azerbaijan, May 12.​ Iran's national currency, the rial, will undergo redenomination during the current Iranian year ...

Iran is a cash society ... (If you exchange $100, you are literally a millionaire here.) A "toman" is ten rial, and some prices are listed in rial, others in toman -- a tourist rip-off just ...

Al-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...

AL-Monitor is an award-winning media outlet covering the Middle East, valued for its independence, diversity and analysis. It is read widely by US, international and Middle East decision makers at the ...