New Delhi: Iran is currently suffering from inflation, at a level that the smallest items have reached sky-high prices. Following the situation, the Iran government has decided to address the growing issue by passing a law. The law aims to remove four zeros from the Iranian currency Rial.

The law denotes that a note which costs 10,000 Rials will now be worth just 1 Rial. This will make accounting much easier. Currently, 1 dollar is worth approximately 1,150,000 Rials, but after removing the zeros, it will be worth approximately 115 Rials.

Is the decision advantageous

The large number of denominations in the currency was causing difficulties in the daily life of common people. People were even purchasing the smallest items with 10,000 and 100,000 rupee notes. This was disrupting economi

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