Iran to ‘Paint’ Currency in ‘A New Color’
IRAN IS ABOUT to follow a time-honored tradition among nations that are being decimated by inflation – the nation will lob several zeroes off its existing currency.
The idea has never worked well anywhere. Arab Gulf States Institute (Washington) resident scholar Robert Mogielnicki said of this one, “The redenomination of Iran’s currency does not address the underlying weaknesses at the heart of Iran’s fragile financial system: economic
