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Iran's central bank proposes slashing four zeros from falling currency: IRNA

January 6, 2019 11:28 AM
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DUBAI (Reuters) - Iran’s central bank has proposed slashing four zeros from the rial, state news agency IRNA reported on Sunday, after the currency plunged in a year marked by an economic crisis fueled by U.S. sanctions.

“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,” IRNA quoted central bank governor Abdolnaser Hemmati as saying.

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