{"id":21947,"date":"2025-10-06T15:03:58","date_gmt":"2025-10-06T11:33:58","guid":{"rendered":"https:\/\/diihk.com\/100620251501\/"},"modified":"2025-10-06T15:12:11","modified_gmt":"2025-10-06T11:42:11","slug":"100620251501","status":"publish","type":"post","link":"https:\/\/diihk.com\/en\/news\/100620251501\/","title":{"rendered":"Iranian parliament approves currency redenomination"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"21947\" class=\"elementor elementor-21947 elementor-21937\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-67944d29 e-flex e-con-boxed e-con e-parent\" data-id=\"67944d29\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-642ccfdc elementor-widget elementor-widget-heading\" data-id=\"642ccfdc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><b>Iranian parliament approves currency redenomination<\/b><\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-722e885d elementor-widget elementor-widget-text-editor\" data-id=\"722e885d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>The Iranian Parliament has approved a plan to remove four zeros from the national currency, aiming to simplify financial transactions and address the effects of high inflation.<\/strong><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-30b84af7 elementor-widget elementor-widget-text-editor\" data-id=\"30b84af7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Following the resolution of ambiguities raised by the Guardian Council, Iranian lawmakers have endorsed a proposal under which four zeros will be eliminated from the Iranian rial. According to the plan, the Central Bank will be authorized to establish the necessary infrastructure for implementation within two years. A three-year transition period will then follow, during which both old and new currency units will be accepted simultaneously. <\/p><p>Shamseddin Hosseini, head of the Parliament\u2019s Economic Commission, emphasized in an interview with official media that \u201cthe national currency will remain the rial, and the changes will not be implemented overnight.\u201d He explained that the reform seeks to facilitate financial calculations and prevent complications in transactions caused by the current currency\u2019s low value. <\/p><p>However, the plan has also faced criticism from opponents. Hossein Samakami, a member of Parliament, told the Iranian Students\u2019 News Agency (ISNA) that \u201cremoving four zeros will not restore the credibility of a national currency; its real value must be strengthened instead.\u201d <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The Iranian Parliament has approved a plan to remove four zeros from the national currency, aiming to simplify financial transactions and address the effects of high inflation.<\/p>\n","protected":false},"author":4,"featured_media":21939,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-21947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.6) - 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