the TEHRAN, may 6. /TASS/. Iran’s changing the name of the national currency in the “fog”, because in real life the word “Rial” no one used. This was announced on Wednesday by President Hassan Rouhani.
“for a long time we had a national currency, which we recorded, and was the national currency, which was used in oral speech. Rial does not actually exist in the lives of people,” he said. The President’s speech broadcast by Iranian state television.
According to Rouhani, “the way people say and how it will be recorded, will now be the same.” “I do not believe that from the point of view of economic growth or inflation, this measure will have a significant impact, rather, it is about the convenience of the calculations and the beauty of the national currency”, — he noted.
the Majlis (Parliament) of Iran approved Monday a bill to rename the national currency denomination under which the Iranian Rial is replaced with the fog. During the exchange one the fog will be 10 thousand riyals. Thus, as a result of the denomination the denomination of the currency will be reduced by four orders of magnitude.
the Mist was circulated in Persia (the former name of Iran) until 1932, when it was replaced by the Rial. Now is the reverse replacement in order to simplify cash payments. Still the fog was considered the unofficial currency and were equal to 10 rials. On the bills of the Central Bank and on the price tags in stores, it appears the Rial, however, in everyday speech, the Iranians will almost always convert the prices into the mists, which introduces some confusion.
