Iran Central Bank promises to slash zeros from currency

Central Bank promises to slash zeros from currency
IRIB | Dec. 23, 2009
Iran’s Central Bank chief Mahmoud Bahmani said omitting three or four zeros from Iran’s currency is related to implementation of economic development plan in the country.
He told IRIB reporters in Shiraz on Tuesday that studies for omitting zeros from bank-notes have been finalized.
Bahmani added that government plans to reduce the inflation rate to a one-digit number.
He expressed hope that inflation rate would reach 10.5 to 11 percent By March 2010 [the first month of the Iranian calendar].
http://www.astreetjournalist.com/200...dlines-23-dec/

on Tuesday that studies for omitting zeros from bank-notes have been finalized.

Wonder what day they plan to do this now that it's finalized???

So...let look at this from Iraq's situation.....since inflation is and has been in the single digits for quite a while....if they lop....does the inflation rate work the same as Iran is saying?.....if it was 6% now would it be .0006%

(just showing once again how a "lop" will NOT help Iraq)sorry ISX/Warka pumpers!

pretty smart for a east coaster...lol

outkastjamz wrote:pretty smart for a east coaster...lol

not too difficult to seem smart to a west coaster....since I was raised on the Gulf Coast, just residing on the east coast temporarily.

Well I knew there was something I liked about ya....me being raised on the gulf coast as well...lol