04 May 2020

Iran Changes National Currency from ‘Rial’ to ‘Toman’

On May 04, 202o, Iran's parliament on Monday approved a bill to change the official currency to 'toman' which equals 10,000 rials. The Iranian 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'
READ MORE
07 Jan 2016

Saudi Arabia’s Executions and a Tumultuous Chain of Events

The Kingdom of Saudi Arabia severed ties with Iran on Sunday, 3rdof January, in relation with the incidents that took place in the Saudi embassy in Tehran, putting strain on an already volatile regional environment. The step represents the worst diplomatic crisis between the two countries since 1987
READ MORE