Iran draws up plan to slash zeroes off weakened currency

Iran draws up plan to slash zeroes off weakened currency

Iran’s cabinet gave initial approval on Wednesday to a plan to slash four zeroes off its currency, the rial, state media reported, after the currency plunged in the past year in an economic crisis fuelled by U.S. sanctions. Proponents have said the reform would, among other things, make transactions easier simply by avoiding huge figures....

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