Iranian cabinet approves bill to switch currency from rial to toman

EghtesadOnline: The administration of President Hassan Rouhani in a cabinet meeting on Sunday approved a bill to switch Iran's national currency from rial to toman, an official said on Monday.

News ID: ۷۴۲۹۷۱

24 July 2017

The secretary of the Cabinet Mohsen Haji Mirzaei said the issue had been scrutinized in the government’s economic commission during the past six months.

He added the move aims to facilitate the transactions by the public, IRNA reported.

Haji Mirzaei added that one toman would be worth 10 rials and switching to the toman means that a zero would be removed from price figures.