Iran moves to change its currency unit back to the toman
TEHRAN, Iran — Iran’s official IRNA news agency says that President Hassan Rouhani’s administration is proposing changing the name and denomination of the country’s currency.
The report says the Cabinet approved a measure on Wednesday calling for the change from the rial to the toman. One toman would be worth 10 rials, or around 3,200 to a dollar at official exchange rates, and 3,900 to a dollar at unofficial rates.
The Iranian currency was known as the toman until the 1930s, when the name was changed to the rial at a rate of 10 rials to a toman.