A little over a month after the turmoil caused in North Korea by the redenomination of their currency (read: North Korea Changes Currency and Rates 100 to 1), Iran has also announced a similar plan.
Iranian president Mahmoud Ahmadinejad said the country would “remove zeros from its national currency, the rial, in order to make [...]
In response to the increasing circulation of banknotes scribbled with anti-government slogans (read Iranians shift protest movement to banknotes), the Central Bank of Iran said this week that it would no longer accept graffitied banknotes as valid currency.
Since the beginning of the Iranian Green Movement (the ink on the banknotes is often green, and the [...]
Protesters in Iran have launched what they are calling a “second level” of protesting, shifting from overt public displays such as street demonstrations and rallies, to more covert tactics like writing protest notes and slogans on rial banknotes – the Iranian currency.
With staunch government crackdowns on protest movements throughout the country, pro-democracy protesters are focusing [...]