http://www.breitbart.com/economy/2019/07/31/broke-iran-follows-venezuela-remove-4-zeros-currency/
Iran's Central Bank announced Wednesday that the nation would rename the national currency, the rial, as the "toman" and "delete four zeros" from its value.
The move follows months of intense American sanctions on Iran's oil industry and mimics a similar move to bolster the bolÃvar currency in Venezuela.
"The council of ministers, at a meeting presided by President Hassan Rouhani this morning, approved the central bank's proposed bill to change the national currency from the rial to the toman and delete four zeros," the Iranian Islamic regime said in a media statement, according to the government news outlet PressTV. As the reevaluation of the currency must pass through the dictatorship's rubber-stamp legislature, it will not be confirmed until a final vote in the Iranian parliament.
PressTV admitted the plan to remove the zeros, an attempt to strengthen the currency's value, "found traction after the national currency lost more than 60 percent of its value in 2018," after the United States withdrew from the international nuclear deal with Tehran. The outlet blamed Washington for sending the rial into a "tailspin" and prices of basic goods in the country "through the roof." ...
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