rial
Iran follows in North Korea’s footsteps, plans to redenominate currency
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 [...]
Iranian’s shift protest movement to banknotes
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 [...]
