Iranian Rial

Iran just slashed four zeros from its banknotes. But what does that mean?

A redenomination of the currency won’t make Tehran’s economic woes go away.

Iran moves to strike four zeroes from its battered currency

The bank would have two years to create the "toman" currency, returning to a name that has not been officially used since the 1930s.

Iran's central bank proposes slashing four zeros from falling currency

Proposals to remove four zeros from the currency have been floated since 2008, but the idea has gained strength as the rial lost more than 60 percent of its value in 2018.

Iran eases currency rules

Iran’s rial may have halved in value since the Trump administration shunned nuclear deal, but changes aim to boost the currency before US sanctions return this week.

Opportunities for Afghan money traders as Iran sanctions loom

Federation of Money Changers of Herat estimates $2 to $3M cross the porous western Afghan borders into Iran daily. US sanctions have made Tehran desperate for dollars and neighbouring Afghanistan's dollarised economy is an obvious source.