Iran’s Currency to be Renamed and Re-valued
Iran's parliament has passed a bill allowing the government to slash four zeros from the rial, after a sharp fall in the value of the currency as a result of crippling U.S. sanctions. Iran's national currency will be changed from the rial to the Toman, which is equal to 10,000 rials, under the bill.
Cause of this Action
- Iran has seen the value of its national currency decline steadily since the Islamic Revolution brought the religious government to power in 1979.That drop has accelerated in recent years as harsh US sanctions battered the country's economy.
- Iran has faced a litany of ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 Golden Visa Scheme
- 2 Russia Formally Recognises Taliban Government in Afghanistan
- 3 India Ranked 77th on Henley Passport Index 2025
- 4 US Designates The Resistance Front (TRF)
- 5 India and China Review LAC Situation
- 6 France to Recognise Palestinian State at UN in September
- 7 France and UK Sign Historic Nuclear Coordination Pact
- 8 Israel Carries Out Airstrikes in Syria
- 9 Thailand-Cambodia Border Conflict
- 10 US Announces Withdrawal from UNESCO