Inflation-hit Iran to lop zeros off currency
28-Aug-2008 (2 comments)

Iran is to lop several zeros off its currency as it battles double-digit inflation, central bank vice president Hossein Ghazavi said in comments published on Thursday. "A special committee has been formed within the central bank to prepare the currency reform and the suppression of several zeroes," the financial daily Sarmayeh quoted Ghazavi as saying. "A 10,000 rial note has the same purchasing power now as 25 rials 30 years ago," he said.

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What else do you expect

by Anonymous Iranian (not verified) on

What else do you expect when we have so call religious people running the country.In the old time they used to live off of people.Now they think that people are living off of them.Millions of dollars is spent for other countries while Iranians people live in poverty.some Iranian families do not have enough to eat while former president Rafsanjani has turned to a fat cat.He has accumulated so much money that he was one the richest person in the world few years ago.

Farhad Kashani

Fred, great job. You can

by Farhad Kashani on

Fred, great job. You can start something here. Keep going all the way. Ofcourse to talk about the disasterous economic policies of the IRI it will take books! But what you can show is how Khomeini's famous phrases became law of the land and official policy of the regime.