Removing Zero From Iran’s National Currency: Economic Stability Or A Showy Act? – OpEd
Under the corrupt rule of the mullahs, Iran’s economy is facing deep, complex, and worsening challenges, including chronic inflation and the sharp devaluation of the rial to the rising growth of liquidity. These factors have severely weakened the national currency and reduced the purchasing power of the people.
In such circumstances, the government’s proposal to remove zeros from the national currency, which is celebrated by the administration, raises this question: Can this policy be an effective solution to the economic crisis, or is it merely a superficial, hollow action and deceptive propaganda?
In the complex world of modern economies, currency is recognized as a symbol of stability and trust in financial systems. When the value of a national currency declines due to overwhelming inflation and economic instability, governments seek solutions to restore confidence and stability to their monetary unit. The policy of removing zeros from the national currency is one such solution that has been employed by various countries throughout history.
One of the main reasons for implementing the policy of removing zeros is to control inflation and restore........
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