Iran to Remove Four Zeros from Currency as Rial Faces Record Depreciation Amid Sanctions

Oct 06, 2025 05:19 pm CST

Iran's parliament has approved a plan to remove four zeros from the national currency as the rial hits record lows amid renewed international sanctions. The monetary reform will replace 10,000 current rials with one new rial, with both versions circulating for up to three years. Originally proposed in 2019, this redenomination aims to simplify transactions in an economy struggling with severe currency depreciation.