Broke Iran Follows Venezuela, Will Remove 4 Zeros from Currency

[KingsX]

Broke Iran Follows Venezuela, Will Remove 4 Zeros from Currency

31 Jul 2019

" Iran’s Central Bank announced Wednesday that the nation would rename the national currency, the rial, as the “toman” and “delete four zeros” from its value.

The move follows months of intense American sanctions on Iran’s oil industry and mimics a similar move to bolster the bolívar currency in Venezuela.

“The council of ministers, at a meeting presided by President Hassan Rouhani this morning, approved the central bank’s proposed bill to change the national currency from the rial to the toman and delete four zeros,” the Iranian Islamic regime said in a media statement, according to the government news outlet PressTV. As the reevaluation of the currency must pass through the dictatorship’s rubber-stamp legislature, it will not be confirmed until a final vote in the Iranian parliament. "

more at link

https://www.breitbart.com/national-s...eros-currency/

[Cassandra]

Good Luck With De-Valuing like Venezuela.
2008 Venezuela issued new Bolivar 1 New = 1000 Old... knocked off 3 Zeros
2018 Venezuela issued new Bolivar 1 New = 100,000 Old... knocked off 5 Zeros
In September 2018 1 Newest Bolivar = ~ 1 U.S. Dollar
Now July 2019 1 U.S. Dollar = 7,000 of those Newest Bolivars
Time for Venezuela to knock another 3 or 4 zeros off their currency.

[Cassandra]

Collecting Worthless foreign bank notes is a fun and CHEAP hobby. Really fancy printing.

I've got Venezuela currency from one 2008 Bolivar up to one 2018 Bolivar (1 new equals 100,000,000 old)

I've got Zimbabwe currency from one Zimbabwe Dollar up to 100 Trillion Zimbabwe dollars.

My favorite is a 1995 Zimbabwe ONE CENT coin (100 cents = 1 dollar) its got to be the most worthless coin in the world. Considering that the 100 Trillion Dollar Bank Note is worthless.