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Source: https://www.yahoo.com/news/sanctions-hit-iran-cut-zeros-rename-plunging-currency-113443504.html
Iran to Rename Plunging Currency, Cut Off Zeros
(AFP) Iran on Wednesday approved a plan to remove zeros from the rial and rename the currency as the toman. Currently the rial is trading at around 120,000 to the U.S. dollar, which means anyone without a credit card has to carry around thick wads of banknotes to make everyday purchases.