In recent weeks, an unusual trend has quietly surfaced in local discussions and informal markets: some individuals in Pakistan are showing interest in buying the Iranian rial, not for trade or travel, but in the hope that its value may rise in the future. This curiosity is not random; it is rooted in expectations surrounding […]
Iranian rial
Iran Approves Plan to Remove Four Zeros from Currency Amid Soaring Inflation
DUBAI — Iran’s parliament has given final approval for a major monetary overhaul, paving the way for the removal of four zeros from the national currency in an effort to simplify financial transactions after years of runaway inflation. The decision, reported by state media on Sunday, comes after parliament addressed objections from the Guardian Council, […]