According to a DW article dated 31 July 2019, the Iranian government has approved a plan to remove four zeroes from the rial and rename the currency the toman, a former superunit of official currency that was in circulation until 1925. Iranians have for decades continued to use the term
According to an Iran Front Page article dated 2 January 2019, the Central Bank of Iran has unveiled a new 500,000-rial note (B296a) design. The new note is similar to the same denomination issued in 2014 (B294a), but orange in color, repositioned vignettes on front, and Mount Damavand on back.
According to a Financial Tribune article dated 3 April 2017, Valiollah Seif, the governor of the Central Bank of Iran, said the CBI has sent a bill to the government requesting the removal of a zero from the currency to reflect the public’s use of the term “toman” to refer