In the News: What’s a few extra zeroes?
From AFP, the Iranian government is considering “a proposal to knock three zeros off its national currency to increase economic confidence and reduce the number of banknotes, the central bank governor said on Tuesday.”
I’m no economist, but revaluing currency sounds like a pretty massive deal. Anyone have any insights on this issue that can explain it?










I know Mexico and Turkey have done this before. It is not a new idea.