| Submit your comments on this article |
| Syria-Lebanon-Iran |
| Iran to get new currency |
| 2020-05-06 |
| [CBSNews] Tehran - The head of Iran's Central Bank announced Monday [4 May] that the nation's currency was set to be re-named and re-valued. Long called the rial, Iran's money will soon likely be called the Toman, and an impressive four zeros will be shaved off all denominations. What was previously 10,000 rials will become one Toman under the plans, which were approved Monday by the Iranian parliament. IIUC, the Toman will, initially be worth about 10 cents in the black market and about 25 cents on the official market. |
| Posted by:lord garth |
| #9 /\ Why do you think they want to get rid of paper currency? If it is all electronic the government can screw it's own citizens with the push of a button. |
| Posted by: magpie 2020-05-06 12:50 |
| #8 Did algebra get invented in that area? Certainly they can just use X on the currency and change the value of x as required. |
| Posted by: rjschwarz 2020-05-06 12:30 |
| #7 Pretty soon the new currency will be called the Dolmen, after the megalithic single chamber tomb. |
| Posted by: Alaska Paul 2020-05-06 11:18 |
| #6 The EU may pull a similar act, just maybe w/o removing the zeroes. |
| Posted by: Clem 2020-05-06 08:00 |
| #5 ^ with Fergusons |
| Posted by: Lex 2020-05-06 07:49 |
| #4 New currency - now with more zeroes! |
| Posted by: Raj 2020-05-06 07:46 |
| #3 toman (plural tomans) (historical, military) A division of 10,000 men in the Mongolian army. (historical, numismatics) A Persian money of account or gold coin issued until 1927, notionally worth 10,000 dinars. |
| Posted by: b 2020-05-06 07:27 |
| #2 Shades of the Weimar Republic hyperinflation when it took a wheel barrel full of money to buy a loaf of bread. |
| Posted by: Thaith Elmeresing6163 2020-05-06 07:16 |
| #1 Is Toman another word for toilet paper? |
| Posted by: gorb 2020-05-06 02:36 |