05.10.2025 15:35
The Iranian Parliament has approved a bill that proposes the removal of four zeros from the national currency. According to the law, the current 10,000 rials will be equal to 1 rial, and the transition period to the new rial will last a maximum of 3 years.
It has been reported that the Iranian Parliament has approved a bill that foresees the removal of four zeros from the national currency. In the voting held during the Parliament's regular session, it was stated that 144 out of 263 members voted 'yes', 108 voted 'no', and 3 abstained.
10 THOUSAND RIYALS WILL EQUAL 1 RIYAL
According to the law that designates the national currency as 'rial', it was reported that the current 10 thousand riyals will be equal to 1 rial, and the subunit of the rial will be determined as 'kiran' (kurus).
TRANSITION PERIOD WILL LAST A MAXIMUM OF 3 YEARS
It was noted that the transition period to the new rial will last a maximum of 3 years, during which the old banknotes and coins will be collected.