Iran proposes replacing rial with toman as new currency unit

According to an article on DW dated 7 December 2016, Iranian President Hassan Rouhani’s government proposed changing the name and denomination of the country’s official currency from the rial to the toman. With 1 toman equal 10 rials, this would effectively remove a single zero from prices, making transactions slightly easier to calculate. A US dollar would currently buy 3,200 tomans at official exchange rates, and 3,900 tomans at unofficial rates.

Courtesy of Rok Jarc.

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