INDICES
  • Samba 65 00% 56.65%
    Joga2002 635.254 50% 63.63%
    Bra52 69 23.145% -63.25%
    Joga2002 635.254 50% 63.63%
  • HangSang20 370 400% -20%
    NasDaq4 33 00% 36%
    S&P5002 60 50% 10%
    HangSang20 370 400% -20%
    Dow17 56.23 41.89% -2.635%
-

EghtesadOnline: Vice President and Head of Planning and Budget Organization Mohammad Baqer Nobakht said that shifting Iran's national currency from rial to toman serves the objective of facilitating economic and trade exchanges.

The Iranian government, in a session on December 7 approved parts of a bill proposed by Central Bank of Iran (CBI) to replace rial with the denomination of toman equivalent to 10 rials, IRNA reported.

If approved by the Iranian Parliament (Majlis), the change will empower Iran's currency.

Devaluation of the national currency brought up the US dollar to 30,000 rials when the eight-year term of the former Iranian government came to an end in 2013.

Mohammad Baqer Nobakht Iran rial Iran currency Iran toman