UN sanctions Iran
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.
UN Sanctions Return Against Iran After Nuclear Negotiations Fail: Global Economic Implications
Sep 28, 2025 10:00 am CST
Comprehensive UN sanctions against Iran have been reinstated after a decade following failed nuclear negotiations with Western powers, triggering significant economic concerns as the Iranian currency hits record lows. While US Secretary of State Marco Rubio urges immediate implementation, European leaders maintain openness to diplomacy despite Russia's refusal to recognize the sanctions' validity. The measures target Iran's nuclear and missile programs amid ongoing regional tensions.