Iran mulls currency revision to remove four zeroes

IRAN: The economic committee of Iran’s parliament voted in favor to remove four zeros from the national currency rial, restoring an old currency subdivision named qeran – where one new rial would be equal to 100 qeran. The proposal aligns with a government bill approved in 2016 – where the currency toman is equal to 10,000 rials – but it is not yet clear when this proposal would be put to the vote by the parliament.