Tehran, Aug. 11 -- Iranian government spokeswoman Fatemeh Mohajerani said the country's cabinet on Sunday approved the removal of four zeros from the national currency, the rial, according to the official news agency IRNA.
Mohajerani made the announcement in an address to reporters on the sidelines of a cabinet meeting in Tehran, one week after the Iranian parliament's economic commission passed a motion over the move.
She said the country's national currency would continue to be the rial, with its subdivision called the gheran, stressing that the zero removal process would be time taking, and for a while, two currencies would be used, without giving further details.
Earlier this month, Shamseddin Hosseini, chairman of Iranian p...