  Iran changes national currency "toman" May 4, 2020 - 17:41 AMT PanARMENIAN.Net - Iran's parliament on Monday, May 4 approved a bill to change the official currency to "toman" which equals 10,000 rials, IRNA reports. Lawmakers voted on Monday for the details of an amendment to the Monetary and Banking Act of Iran that would change the official currency to 'toman'. The new law tasks Central Bank of Iran with recalculating foreign exchange ratio with 'toman' taking into consideration the currency reserve and the country's commitments to the International Monetary Fund. The law also articulates that 'rial' will remain credible alongside 'toman' for two years, during which the old coins and bills will be gradually collected and new ones will replace them. The Central Bank of Iran has been required to do preparatory work for the implementation of the new law within two years from its enactment.   Top stories Azerbaijani authorities report that they have already resettled 3,000 people in the Nagorno-Karabakh town of Stepanakert. On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesArmenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats.Balance of attached cards in the Idram&IDBank app From now on, users will be able to view the online balances of cards issued by ArCa system banks and attached to the app. |
