The Iranian government is considering lopping off three or four zeros off it’s currency in an effort to fight out of control inflation.
The governor of the Central Bank of Iran, Tahmasb Mazaheri, told state run radio that monetary experts are studying three options: Cutting three zeros off the rial, cutting four zeros, or boosting each rial’s value to one-hundredth of a gram of gold, or about 2,500 rials at current rates.
“We are studying all these three options,” Mazaheri said on state-run radio.
100 US Dollar = 980,460 Iranian Rial
100 Iranian Rial (IRR) = 0.01020 US Dollar (USD)
News Article
Carbon neutral pledge: