Iran to scrap rial for good as parseh becomes small currency unit
35PM [Updated: Wed Aug 21, 2019 02:51PM ]/ The rial, the currency unit used consistently in Iran for almost a century, will be totally abandoned once the country introduces a redenomination. Iran’s new small unit of currency under toman will be named parseh and not rial, as previously reported in the media, based on the terms of a bill sent by the government to the parliament on Wednesday. “Iran’s unit of currency is toman and each toman is equal to 10,000 current rials and equal to one hundred parsehs,” read the Article A of the Bill to ...
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