Lopping four zeros off a 10,000 rial note and calling it a Toman won't do much to ease Iranian minds. More from CBS News. Comparing the Medicaid cuts in House and Senate "big, beautiful bill" ...

Under pressure from economic sanctions, Iran's currency is tumbling. It has lost about 25 percent of its value in the past week. Two years ago, the rial traded at 10,000 to the dollar. Now, it's ...

On the day it was announced, many celebrating Teheranis waved dollar bills alongside 10,000 rial notes - a sign of their hope that it would return to the level it had last enjoyed prior to the ...

The 10,000 rial note sports an image of Iran's highest peak, the 5,671 metre high Mt Damavand to the northeast of Teheran. A dollar is now worth roughly 8,400 rials.

But it was still a far cry from the 10,000 level it was trading at before the tightening of US-led nuclear ... many Tehranis celebrated by waving dollar bills alongside 10,000 rial notes. ...

Iran is to lop several zeros off its currency as it battles double-digit inflation, Central Bank vice president Hossein Ghazavi said in comments published on Thursday. “A special committee has been ...

Afp, Tehran. Fri Feb 16, 2018 12:00 AM Last update on: Fri Feb 16, 2018 12:08 AM ...

TEHRAN, Iran-- The plunge of Iran's currency appears to be slowing as the rial is holding at its rebound level for the third straight day. Iran's rial lost nearly 40 percent of its value against ...

Iran is to launch a new banknote twice the value of any other note in circulation, the central bank head said on Monday, amid double-digit inflation in the Islamic republic. "We hope the new ...