• CBI 2020-05-04 17:41

    Iran changes national currency from ‘rial’ to ‘toman’

    Majlis approves slashing 4 zeros from currency

    TEHRAN- Iranian parliament (Majlis) approved a government’s bill proposed by the Central Bank of Iran (CBI) for eliminating four zeros from the national currency, CBI governor wrote in an Instagram post on Monday.

  • Rial 2019-01-08 20:32

    By Haniyeh Sadat Jafariyeh

    Currency reconversion not a turning point in economic reformation

    One of Iran’s main economic policies, under the framework of the sixth five-year development plan, is modification of banking system and reformation of monetary policies, moving forward toward which the Rouhani administration put forward the plan to shift the national currency from Rial to Toman earlier in December 2016 by eliminating specific number of zeroes.