IFP- In a cabinet session on Wednesday, President Hassan Rouhani�s administration approved a bill to drop one zero from the country�s national currency, changing its name to Toman.

According to a report by IFP, the change of official currency�s name was made based on a bill proposed by the country�s Central Bank.

Iranian Members of Parliament are supposed to discuss the bill and pass it into a law. After the Parliament�s vote, the Guardian Council is the last body to approve the law before its implementation.

The currency change was a long-awaited move as �rial� was just used in official correspondence and rhetoric, and ordinary people mostly used the name �toman� in their daily life and calculations.

The difference used to create serious problems, particularly in business correspondence and contracts, Asr-e Iran reported.