Last December, the Iranian government passed a bill to rename its national currency from the rial to the toman. This would require a redenomination in which a zero was lopped off Iran's unit of account. But, without monetary and exchange rate regime change, the proposed amounts to a great illusion.
Last December, the Iranian government passed a bill to rename its national currency from the rial to the toman. This would require a redenomination in which a zero was lopped off Iran's unit of account. But, without monetary and exchange rate regime change, the proposed amounts to a great illusion.
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