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A proposal has been agreed to by the Iranian Parliament to drop one zero at the end of number, by replacing the rial with a new currency called the toman, the name of a previous Iranian currency, at the rate of 1 toman = 10,000 rials.
Iran is a mixed economy with a large public sector.Some 60% of Iran's economy is centrally planned. [25] [needs update] Iran's economy is characterized by its hydrocarbon, agricultural, and service sectors, in addition to manufacturing and financial services, [26] with over 40 industries directly involved in the Tehran Stock Exchange.
A man poses for a photo without showing his face as he counts U.S. dollars at Ferdowsi street, Tehran's go-to venue for foreign currency exchange, in downtown Tehran, Iran, Wednesday, Dec. 18, 2024.
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Iran’s currency fell to a record low on Sunday, plunging to 613,500 to the dollar, as its people celebrated the Persian New Year. On Sunday, people were trying to exchange rials for foreign ...
The Iranian toman (Persian: تومان, romanized: tūmân, pronounced [tuː.mɒːn]; from Turko-Mongolian tümen "unit of ten thousand", [1] [2] [a] see the unit called tumen) is a superunit of the official currency of Iran, the rial. One toman is equivalent to 10 (old), or 10,000 (new, official) rials.
As Western sanctions came back, Iran currency — the rial — cratered, decimating people's lifesavings. Prices of food and other essentials skyrocketed as inflation gripped the nation, in part ...
The qiran (Persian: قران; also Romanized kran) was a currency of Iran between 1825 and 1932. It was subdivided into 20 shahi or 1000 dinar and was worth one tenth of a toman. The rial replaced the qiran at par in 1932, although it was divided into one hundred (new) dinars. Despite the qiran no longer being an official denomination, the term ...
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