Gurus

The largest deletion of zeros in history.

The central Bank of Iran proposed to delete four zeros from its besieged currency (rial) According to Reuters, as it lost more than 60% of its value during 2018. Governments usually delete zeros when their currency loses purchasing power rather than issuing large categories of currency. The elimination of zeros is not new in Iran, it was preceded by Venezuela when it omitted five zeros, and Iraq which has already deleted zeros from Iraqi dinars…