WORLD
Iran Moves to Change Its Currency Unit Back to the Toman
Baku, December 8, AZERTAC
Iran's official IRNA news agency says that President Hassan Rouhani's administration is proposing changing the name and denomination of the country's currency, according to IRI’s media.
The report says the Cabinet approved a measure on Wednesday calling for the change from the rial to the toman. One toman would be worth 10 rials, or around 3,200 to a dollar at official exchange rates, and 3,900 to a dollar at unofficial rates.
The Iranian currency was known as the toman until the 1930s, when the name was changed to the rial at a rate of 10 rials to a toman. Many Iranians continued to use the old terminology even after the change.
Parliament will have an opportunity to weigh in on the proposed change before it goes to the constitutional watchdog Guardian Council for approval.
FEEDBACK
Other news in this section
- 19.03.2024 [00:13]
Turkish president congratulates Russian counterpart Putin on reelection
- 18.03.2024 [15:15]
Chinese scientists design device to produce hydrogen from renewable sources
- 18.03.2024 [14:42]
Wildfire continues to spread in China's southern Sichuan province
- 18.03.2024 [14:00]
NASA volunteers find fifteen rare “Active Asteroids”
- 18.03.2024 [11:58]
2 Japan astronauts to land on moon in NASA-led Artemis program
- 18.03.2024 [11:41]
Putin gets 85.13% of vote in Moscow after all ballots counted
- 18.03.2024 [10:41]
N. Korea fires multiple short-range ballistic missiles into East Sea: JCS
- 17.03.2024 [23:43]
‘Cold blob’ of Arctic meltwater may be causing European heat waves
Apple, Google in talks to bring Gemini AI to iPhones: Report
- 18.03.2024 [21:50]
Magic of Novruz at Baku airport: carpets, airplanes, and national values
- 18.03.2024 [19:27]
AZAL staff plants over 600 trees in support of “Green World Solidarity Year”
- 18.03.2024 [19:26]
Azerbaijani female shooter clinches silver medal in Germany
- 18.03.2024 [19:25]
Azerbaijani table tennis players bring ten medals from Türkiye
- 18.03.2024 [18:24]
ANAS Institute of Oriental Studies, Moscow Islamic Institute ink MoU
- 18.03.2024 [18:18]
Azerbaijani FM meets with NATO Secretary General
- 18.03.2024 [16:48]
Azerbaijan, US discuss bilateral and multilateral cooperation agenda
- 18.03.2024 [16:28]
International Turkic Academy expands international relations
- 18.03.2024 [16:03]
President of Azerbaijan: Everyone must reckon with us from now on
- 18.03.2024 [16:00]
Central square of Khankendi named “Victory Square”
- 18.03.2024 [15:55]
Chinese scientists design device to produce hydrogen from renewable sources
- 18.03.2024 [15:15]
Peace initiators in the South Caucasus
- 18.03.2024 [15:01]
® Simplify business operations with Kapital Bank's free API Portal
- 18.03.2024 [15:00]
Azerbaijan’s Defense Minister meets with NATO Secretary General VIDEO
- 18.03.2024 [14:59]
Wildfire continues to spread in China's southern Sichuan province
- 18.03.2024 [14:42]
Azerbaijan, China discuss bilateral cooperation
- 18.03.2024 [14:42]
Global Terrorism Index 2024: Azerbaijan among safest countries in the world
- 18.03.2024 [14:11]
NASA volunteers find fifteen rare “Active Asteroids”
- 18.03.2024 [14:00]
NATO Secretary General Jens Stoltenberg concludes his visit to Azerbaijan
- 18.03.2024 [13:23]
Release of the Press Service of the President
- 18.03.2024 [13:10]
To His Excellency Mr. Vladimir Putin, President of the Russian Federation
- 18.03.2024 [13:06]
Nervous system disorders found to be biggest cause of poor health
- 18.03.2024 [12:00]
2 Japan astronauts to land on moon in NASA-led Artemis program
- 18.03.2024 [11:58]
Putin gets 85.13% of vote in Moscow after all ballots counted
- 18.03.2024 [11:41]
AZAL launches flights to another London airport
- 18.03.2024 [11:37]
N. Korea fires multiple short-range ballistic missiles into East Sea: JCS
- 18.03.2024 [10:41]
Oil prices surge in global markets
- 18.03.2024 [10:34]
Azerbaijan relocates 34 more families to Fuzuli city VIDEO
- 18.03.2024 [10:16]
Fenerbahce win at Trabzonspor in match marred by clashes
- 18.03.2024 [10:13]
‘Cold blob’ of Arctic meltwater may be causing European heat waves
- 17.03.2024 [23:43]
President: NATO-Azerbaijan partnership has already had a long history VIDEO
- 17.03.2024 [22:51]
China's auto exports soar 30.5 pct in January-February
- 17.03.2024 [15:33]
US says it destroys Houthi UAVs in Red Sea
- 17.03.2024 [12:52]
Azerbaijan defense minister expresses condolences to Pakistani side
- 17.03.2024 [12:45]
11th Global Baku Forum on “Fixing the Fractured World” concludes
- 16.03.2024 [21:31]
"Once-in-a-lifetime" devil comet will be easily visible this month
- 16.03.2024 [21:18]
Azerbaijan, Uzbekistan praise development of bilateral relations
- 16.03.2024 [21:09]
Azerbaijan`s Prime Minister meets with Nobel peace laureate Muhammad Yunus
- 16.03.2024 [20:48]
First drug to treat common, lethal liver disease gets US nod
- 16.03.2024 [20:38]
Azerbaijani PM meets with his Georgian counterpart in Baku
- 16.03.2024 [18:43]
Irakli Kobakhidze: Our partnership has reached excellent level
- 16.03.2024 [16:54]
SOCAR President meets with World Economic Forum officials
- 16.03.2024 [14:27]
SpaceX launches 6,000th Starlink satellite on Friday night flight
- 16.03.2024 [13:11]
Georgian Prime Minister pays tribute to Azerbaijani martyrs
- 16.03.2024 [12:31]