Studies underway to cut 4 zeros off currency: Iran central bank
The central bank has begun studies to remove four zeros from the national currency, the Far news agency reported Mahmoud Bahmani, the Central Bank governor, said the plan will be proposed to the cabinet by the next six months. “If the plan is approved by the cabinet and confirmed by the Monetary and Credit Council”, the central bank will start gathering bank notes and publish new ones, Bahmani told a news conference on Tuesday. This is while the Finance and Economy Minister, Shamseddin Hosseini, said on Sunday the Central Bank aims to slice ...
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