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Iran to scrap rial as parseh becomes small currency unit
The rial, the currency unit used consistently in Iran for almost a century, will be totally abandoned once the country introduces a redenomination.
Iran’s plans to cut zeros from rial would cost nearly $160m: Report
A report shows that Iran should spend around $160 million to implement a plan for overhaul of the national currency rial.
CBI: Eliminating zeros from national currency not to impact inflation rate
The Governor of the Central Bank of Iran (CBI) Abdolnasser Hemmati said that deleting four zeros from the national currency will have no impact on the inflation rate, adding that the central bank is ready to implement the plan.
China says US currency manipulator labeling could cause chaos in financial markets
China’s central bank said on Tuesday that Washington’s decision to label Beijing as a currency manipulator would “severely damage international financial order and cause chaos in financial markets”.
Iran’s govt. decides to drop four zeros, rename currency
The Iranian government on Wednesday approved a plan proposed by the Central Bank of Iran to remove four zeros and rename the currency.
Iran to launch Structured Currency Market in early August: CBI
The Central Bank of Iran (CBI) announced that a long-anticipated initiative for launching a semiofficial market that could positively impact currency exchanges in the country will take shape next month.
Facebook's Libra currency under fire
Facebook's planned virtual unit Libra, already under heavy attack from US President Donald Trump and global regulators, faces skepticism among the wider cryptocurrency community as well.
Virtual Facebook currency faces real-world resistance
If Facebook's new cryptocurrency should resonate anywhere it should be India, where the social media giant has more than 300 million followers.
Iran's cryptocurrency research lab formed to develop national digital currency
A blockchain and cryptocurrency research lab was set up in Iran on Wednesday, said the head of a company contracted by the Central Bank of Iran to design and develop a national digital currency.
Expert: National currency's value can be increased by supporting production
The value of Iran's national currency can be increased by strengthening local production, not by slashing four zeros from the currency, said an Iranian economy expert.
Central Bank of Iran proposes slashing four zeros from currency
The Central Bank of Iran proposed slashing four zeros from its currency, the CBI governor said on Sunday, after it plunged due to the US sanctions.
Euro currency remains a work in progress on 20th birthday
The euro is about to celebrate its 20th birthday, but the countries that use it are still wrestling over how the shared currency should work and how to fix flaws exposed by the debt crisis that marred its second decade.
CBI reassures control of foreign currency market
The Central Bank of Iran (CBI) has reassured that it is in full control of the foreign currency exchange market, said the bank's governor.
Official: Iran, Iraq in talks on trade in national currencies
The central banks of Iran and Iraq are finalizing negotiations to begin trade in their national currencies, said the chairman of Iran-Iraq Chamber of Commerce.
Central bank adviser says China should defend currency at seven yuan per dollar
China should not allow the yuan to fall below seven per dollar or attempts to stabilize the currency will become more costly on the country’s foreign exchange reserves, Sheng Songcheng, an adviser to the People’s Bank of China, said on Saturday.

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