CBS | Seyed Bathaei: The head of Iran's Central Bank announced Monday that the nation's currency was set to be re-named and re-valued. Long called the rial, Iran's money will soon likely be called the Toman, and an impressive four zeros will be shaved off all denominations. What was previously 10,000 rials will become one Toman under the plans, which ...

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 ...

Financial Tribune - Governor of the Central Bank of Iran says lopping off four zeros from the national currency will not impose additional costs on the government regarding printing banknotes. The initiative doesnt incur additional costs as the government annually destroys and prints 700 million pieces of banknotes, the parliamentary news website,...

MNA According to the request of the Central Bank of Iran (CBI), the economic committee of the cabinet has on agenda the plan to eliminate four zeros from the national currency rial and to introduce a new one. According to this plan, the new currency, named Toman, which has been the unofficial currency used by the people, will be equal to 10,000 ...

IRNA - The administration of President Hassan Rouhani in a cabinet meeting on Sunday approved a bill to switch Iran's national currency from rial to toman, an official said here on Monday. The secretary of the Cabinet Mohsen Haji Mirzaei said the issue had been scrutinized in the governments economic commission during the past six months. He added ...