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[size=36]Rouhani on deleting zeros from the currency: this will not be reflected in inflation[/size]
Economy | 01:06 - 06/05/2020
Follow-up - Mawazine News
, Iranian President Hassan Rouhani assured his country's population about the government's recent decision to write off four zeros from the national currency, and ruled out that this decision would have negative repercussions on the Iranian economy.
Today, Wednesday, the Iranian President said, "Deleting the zeros is aimed at facilitating accounting, and I do not think that it will have negative repercussions on inflation and economic growth."
Earlier this week, the Iranian parliament passed a majority to remove four zeros from the national currency and exchange them from the riyal to the toman.
The value of the toman will be 10 thousand Iranian riyals.
According to the law, the Iranian Central Bank will have 3 months to prepare the executive regulations for currency exchange, present it to the government for approval and start implementing it within two years. Ended 29 / A 43
, Iranian President Hassan Rouhani assured his country's population about the government's recent decision to write off four zeros from the national currency, and ruled out that this decision would have negative repercussions on the Iranian economy.
Today, Wednesday, the Iranian President said, "Deleting the zeros is aimed at facilitating accounting, and I do not think that it will have negative repercussions on inflation and economic growth."
Earlier this week, the Iranian parliament passed a majority to remove four zeros from the national currency and exchange them from the riyal to the toman.
The value of the toman will be 10 thousand Iranian riyals.
According to the law, the Iranian Central Bank will have 3 months to prepare the executive regulations for currency exchange, present it to the government for approval and start implementing it within two years. Ended 29 / A 43
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