A. Roman
B. Crona
C. Bron
D. Toman

Background about Iran’s New Currency

Iran approved a currency reform to replace the Iranian Rial with the Toman as the country’s official currency. Under the reform, 1 Toman = 10,000 Rials. The primary objective was to simplify accounting, reduce the number of zeros used in financial transactions, and improve the efficiency of the monetary system. Although the transition has been gradual, the Toman is intended to become Iran’s official currency over time.

Important Key Facts about Iran’s Currency

• Country: Iran
• New Official Currency: Toman
• Old Currency: Iranian Rial
• Conversion Rate: 1 Toman = 10,000 Rials
• Purpose of Reform: Simplify financial transactions and remove four zeros from the currency
• Central Bank: Central Bank of the Islamic Republic of Iran
• Exam Relevance: International Economy, World Currencies, Current Affairs