Removing four zeros from the currency of the mullahs will have no effect on the economic crisis and inflation. Instead, it increases the economic crisis, increases poverty and multiplies inflation.

 

#Poverty_line_in_Iran_rises_to_80%

Removing four zeros from the currency of the mullahs will have no effect on the economic crisis and inflation. Instead, it increases the economic crisis, increases poverty and multiplies inflation.

According to many economists, the crisis of poverty and deprivation in Iran will multiply.

The removal of four zeros (0000) from the Iranian currency has been officially approved, in which every 10,000 Iranian currency will be converted into 1 new currency and a new sub-unit called the Quran will be introduced. The main objective of this measure is to create regularity and reduce costs and will not affect the real value of money, prices or inflation.

Iranian Banks

Details of the four-zero removal plan:

New currency: Every 10,000 rials will be converted into 1 new rial.

Sub-unit: A new sub-unit named “Qur’an” has been designated for widespread use in the community.

Main Objective: The objective of this scheme is to create regularity and reduce costs in banking and accounting.

No Effect on the Value of Money: This scheme does not affect the real value of money, prices, or inflation, and is merely a change in currency.

Reliance on economic reforms: The ultimate success of this plan depends on structural economic reforms, not just currency changes.