MNA Iranian lawmakers approved on Monday a monetary bill to shave four zeroes off the national currency. As per the bill Reforming Monetary and Banking Law, the monetary unit will change officially from the rial to the commonly used toman. Furthermore, the minor monetary unit of the new currency will be the parseh. So, as per the newly ratified ...

PressTV - The rial, the currency unit used consistently in Iran for almost a century, will be totally abandoned once the country introduces a redenomination. Irans new small unit of currency under toman will be named parseh and not rial, as previously reported in the media, based on the terms of a bill sent by the government to the parliament on ...