Tag Archives | Iranian rial

Why does Rouhani suddenly want to ‘rename’ Iran’s Currency?

By Alireza Ramezani for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. The Iranian government’s passing of a bill on Dec. 7 to change the national currency unit from the rial to the toman — equivalent to 10 rials — has triggered charges that the administration had […]

Cabinet votes to change National Currency

By Changiz M. Varzi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. President Hassan Rouhani’s Cabinet voted on Dec. 7 to approve a bill that proposes to change Iran’s currency from the rial to the toman, and to remove one zero, the official Islamic Republic […]

Why Iran’s Currency is suddenly Wobbling

By Saeid Jafari for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News. Fluctuation in the value of the rial became a common occurrence in Iran during the presidency of Mahmoud Ahmadinejad, and especially in its latter years. Foreign currencies would get more expensive by the day — […]