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Iran’s currency redenomination
October 10 , 2025
14 hrs 0 min
21
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- Iran will remove four zeros from the rial to ease financial transactions after prolonged high inflation.
- The exchange rate stands at approximately 1,150,000 rials per United States dollar in the free market.
- The central bank has two years to prepare, followed by a three-year phase where both units are used.
- The rial remains the official currency, and the change will be gradual, not immediate.
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