According to Reuters, Iran’s central bank has proposed slashing four zeros from the rial after the currency plunged in a year. Central bank governor Abdolnaser Hemmati said “A bill to remove four zeros from the national currency was presented to the government by the central bank yesterday and I hope this matter can be concluded as soon as possible." Proposals to remove four zeros from the currency have been floated since 2008, but the idea has gained strength as the rial lost more than 60 percent of its value in 2018.

http://feeds.reuters.com/~r/reuters/topNews/~3/xiVzaZxN8-0/irans-central...

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