In Iran decided to rename the national currency

In Iran decided to rename the national currency

© Reuters

The Rial will return the old name and spend the devaluation of currency.

In Iran decided to rename the national currency, the Rial, returning to her previous name was mist.

This initiative was made by the Iranian President Hassan Rouhani. Wednesday, December 7, it approved the government of the country, reports the Russian service Bi-bi-si.

Mist went to Persia from the seventeenth century until 1932, after which underwent a currency reform, when the fog was exchanged for Rial in the ratio 1:10. After that, still many Iranians continued to use the word “fog” for the name of the national currency.

A new monetary reform involves not only the return of her old name, but the denomination on the right. Now the exchange rate is 33-39 thousand rials per one us dollar.

Before the initiative about renaming of the Rial devaluation and will go for the approval of the guardian Council of the Constitution (performs the functions of the constitutional court), it must be approved by the Iranian Parliament.

See also: the US eased sanctions against Iran in the field of business

Recall, 16 January the US and the EU repealed the sanctions regime against Iran. This happened immediately after the IAEA report which confirmed the execution by Iran of its obligations on its nuclear program.

The abolition of sanctions peredumala confirmation from Washington that Iran poured concrete in the Central part of a nuclear reactor in Arak , and thus made one of the key conditions of the deal with the “six” of international mediators.

July 14, 2015 Iran and six Western countries agreed to an historic nuclear agreement, according to which Iran undertakes under no circumstances to seek to acquire, develop and gain access to any kind of nuclear weapons.

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