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UID:event-961@diihk.com
DTSTAMP:20260901T112008Z
DTSTART:20251006T150358Z
DTEND:20251006T150358Z
SUMMARY:Iranian parliament approves currency redenomination
DESCRIPTION:Iranian parliament approves currency redenomination				\n		The
  Iranian Parliament has approved a plan to remove four zeros from the nat
 ional currency\, aiming to simplify financial transactions and address th
 e effects of high inflation.Following the resolution of ambiguities raise
 d by the Guardian Council\, Iranian lawmakers have endorsed a proposal un
 der which four zeros will be eliminated from the Iranian rial. According 
 to the plan\, the Central Bank will be authorized to establish the necess
 ary infrastructure for implementation within two years. A three-year tran
 sition period will then follow\, during which both old and new currency u
 nits will be accepted simultaneously. Shamseddin Hosseini\, head of the P
 arliament’s Economic Commission\, emphasized in an interview with offic
 ial media that “the national currency will remain the rial\, and the ch
 anges will not be implemented overnight.” He explained that the reform 
 seeks to facilitate financial calculations and prevent complications in t
 ransactions caused by the current currency’s low value. However\, the p
 lan has also faced criticism from opponents. Hossein Samakami\, a member 
 of Parliament\, told the Iranian Students’ News Agency (ISNA) that “r
 emoving four zeros will not restore the credibility of a national currenc
 y\; its real value must be strengthened instead.” 
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