The Government of Iran recently takes a decision of changing the name of its currency to a “Toman”. Under the bill, Iran national currency is going to be changed from the rial to the Toman, which is adequate to 10,000 rials.
Click Here To Get Test Series For SBI PO 2020
The idea of removing four zeros has been floated since 2008 but gained strength after 2018 when U.S. President Donald Trump exited Iran’s 2015 nuclear deal and reimposed sanctions because the rial lost quite 60% of its value. Iran’s weak currency and high inflation have led to sporadic street protests since late 2017.
Important takeaways for all competitive exams:
Thailand’s Opal Suchata Chuangsri was crowned Miss World 2025. The grand finale took place on…
Valmik Thapar, a famous wildlife and tiger conservationist, passed away in Delhi on May 31,…
CSIR-Indian Institute of Petroleum (CSIR-IIP), Dehradun celebrated Rashtriya Boudhik Sampada Mahotsav (RBSM) 2025 on 29th…
Mary Earps, one of England's top football goalkeepers, has decided to retire from International football.…
The Central Bureau of Investigation (CBI) has arrested six people involved in a large cybercrime…
Rohit Sharma, one of the most prolific and celebrated batters in Indian Premier League (IPL)…