Redenomination kicks off in Iran
Four zeros are being removed from the rial
Iranian rial
Iran to denominate rial
The Iranian parliament adopted a resolution yesterday to remove four zeros from the national currency rial.
Iran approves national currency denomination plan
Iran intends to denominate the national currency. The authorities of the Islamic Republic note that it is necessary, since it has almost lost its value.
Iran approves removal of 4 zeros from national currency
Iran's cabinet approved the removal of four zeros from the national currency, the rial, Iranian government spokeswoman Fatemeh Mohajerani said.
Iran plans to denominate rial
Members of a committee of the Iranian parliament have voted in favor of a motion to reform the country’s national currency by removing four zeros from it and restoring an old currency subdivision named qiran.
Russia-Iran trade in national currencies reaches 96%
National currencies are being used in more than 96% of mutual payments between Russia and Iran, the Kremlin’s press service said on the verge of the meeting between presidents of the two countries to be held on the sidelines of the BRICS …
Iran moves away from dollar
Tehran has begun work on de-dollarization of trade within the BRICS and will continue strengthening it, the country’s Foreign Ministry reported.
When will Russia and Iran conclude a currency agreement?
A currency agreement between the Russian Federation and the Islamic Republic may be signed soon. The head of the Iranian Central Bank announced the approximate dates.
Iran to use unfrozen assets to strengthen rial rate
Iran's Central Bank governor Mohammad-Reza Farzin, has confirmed that the Islamic Republic’s released funds totaling some $6 …
Iran to move away from dollar in trade with Russia
Iran plans to move away from the dollar in transactions with Russia, Iran’s First Vice President Mohammad Mokhber said. When …
Russia, Iran to trade in yuans
Moscow and Tehran may soon start making settlements in yuan
Russia and Iran to trade using stablecoins?
Russia and Iran may start using stablecoins to settle cross-border trade deals. The issue was discussed during a recent visit by a State Duma delegation led by speaker Vyacheslav Volodin to Tehran, chairman of the State Duma Committee on …
Iran’s currency hits new record low against dollar
Iran’s currency dropped to its lowest value ever against the dollar, and has seen its value fall by 30% since June amid severe U.S. sanctions imposed on Tehran. Money exchange shops traded the Iranian rial 262,000 for a dollar. …
Tehran exchange launches trading in Iranian rial/ruble
The Tehran exchange has launched Iranian rial/Russian ruble trading, the head of Iran's central bank said on Tuesday. "The launching of trading in the ruble/Iranian rial currency pair is an important step in the development of …
Russia and Iran to replace dollar with rial, ruble in trade
The heads of the central banks of Russia and Iran agreed to abandon the dollar in mutual settlements: soon in all settlements between the countries will be used national currencies - the ruble and the rial, Chief of the Economic Commission of …
Iran passes bill to remove four zeros
The nation's currency to be re-named and re-valued
Iran to slash four zeros from rial - media
Iran’s Central Bank has proposed slashing four zeros from its battered currency. “A bill to remove four zeros from the national currency was presented to the government by the central bank yesterday and I hope this matter …
Iran wants to increase share of transactions in national currencies with Russia
Iran expects to increase the share of transactions in national currencies in trade with Russia, Iranian Central Bank Governor Abdolnaser Hemmati said following his visit to Russia. According to him, following the …
Iran’s rial unexpectedly rallies
The restoration of sanctions on the oil industry next month could spark another exodus from the rial
Russia, Turkey and Iran refuse the dollar
The countries agreed to use local currencies in trade