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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.
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’s rial gains significant value against US dollar
The Iranian national currency, the rial, was 118,000 against the US dollar on Sunday which shows a relatively high regain of value compared to months of low that followed the American introduction of crippling economic sanctions against Tehran.
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.
CBI sees stable rial despite pressure from US
Iran has adequate currency supplies to cover trade, and the rial has stabilized after 'a heavy attack' from the US-led economic sanctions on the Islamic Republic, said the governor of Central Bank of Iran (CBI).
Saudi rial at lowest level since 2016 over Khashoggi case
The economic backlash for the Saudis over the disappearance of dissident journalist Jamal Khashoggi found new dimensions as the kingdom’s currency fell to its lowest level in two years in Monday's trading.
VP apologizes to Iranians over economic issues as rial gains
Vice President Es’haq Jahangiri on Tuesday apologized to Iranians over economic problems cropped up amid US sanctions, assuring that authorities are working round the clock to tackle them.
Iran’s rial claws back some losses after record fall
Iran’s rial bounced back on Tuesday from a record low which has seen the national currency lose nearly two-thirds of its value since the start of the year.
US dollar reaches record high against Iran's rial
Iran's national currency, the rial, plunged by more than six percent against the US dollar in the free market on Sunday thus maintaining a depreciation streak that began a few months ago.
CBI takes steps to boost rial
Central Bank of Iran (CBI) on Thursday announced a hike in deposit rates in a bid to boost the value of the rial, after police in Tehran rounded up around 100 foreign exchange dealers.

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