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Iran Approves Currency Reform: Four Zeros to Be Removed

10/5/2025

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Summary

Story summary

Iran's parliament approved plans to remove four zeros from the rial on October 5, 2025.
The bill sets 10,000 current rials per 1 new rial, with both currencies circulating up to three years.
The Central Bank of Iran will oversee the transition, with two years to complete.
Final steps require Guardian Council approval and the signature of President Masoud Pezeshkian.

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Story summary

Iran's parliament approved plans to remove four zeros from the rial on October 5, 2025.
The bill sets 10,000 current rials per 1 new rial, with both currencies circulating up to three years.
The Central Bank of Iran will oversee the transition, with two years to complete.
Final steps require Guardian Council approval and the signature of President Masoud Pezeshkian.