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Slashing four zeros from national currency on president’s agenda
Iran’s Central Bank revives a bold economic move: removing four zeros from the national currency. Could this long-delayed plan finally take shape this year? Officials say it is about boosting confidence and curbing inflation, but global case studies offer mixed results. As policymakers weigh the risks and rewards, what lies ahead for the Iranian rial and what could go wrong if timing and execution fall short? Iran Daily breaks down the stakes behind a reform that is as psychological as it is financial. See pages 4 and 5 for more on that.
See pages 4-5