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Thursday, July 12, 2018

IRAN CURRENCY: DELETING ZEROES FROM NATIONAL CURRENCY PROJECT, 12 JULY

The value of national currency of each country depends on a myriad of factors among them economic situation of the country in the world, efficiency of the government and securing the costs, political, legal and judicial stability for attracting foreign investments, observing the international law and regulation and being in line with international changes, etc. Devaluation of national currency results in many social and psychological impacts. When national currency is being devalued, people feel a sort of humiliation in relation to other strong currencies. In addition, changes in the value of currency and in its volume, which is the result of such changes, brings about many hygienic impacts.

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