{"id":76537,"date":"2019-08-21T12:31:49","date_gmt":"2019-08-21T17:31:49","guid":{"rendered":"http:\/\/persian-heritage.com\/wordpress\/?p=76537"},"modified":"2019-08-21T12:31:49","modified_gmt":"2019-08-21T17:31:49","slug":"iran-moves-to-cut-four-zeroes-from-its-struggling-currency","status":"publish","type":"post","link":"https:\/\/PERSIAN-HERITAGE.COM\/en\/2019\/08\/21\/iran-moves-to-cut-four-zeroes-from-its-struggling-currency\/","title":{"rendered":"Iran Moves to Cut Four Zeroes From Its Struggling Currency"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-76540\" src=\"http:\/\/persian-heritage.com\/wordpress\/wp-content\/uploads\/2019\/08\/EnglishWEB-3.jpg\" alt=\"\" width=\"290\" height=\"200\" srcset=\"https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2019\/08\/EnglishWEB-3.jpg 290w, https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2019\/08\/EnglishWEB-3-150x103.jpg 150w, https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2019\/08\/EnglishWEB-3-24x17.jpg 24w, https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2019\/08\/EnglishWEB-3-36x25.jpg 36w, https:\/\/PERSIAN-HERITAGE.COM\/wp-content\/uploads\/2019\/08\/EnglishWEB-3-48x33.jpg 48w\" sizes=\"auto, (max-width: 290px) 100vw, 290px\" \/>VOA &#8211; Iranian President Hassan Rohani has sent a bill to parliament that would cut four zeroes from the value of the country&#8217;s battered currency, the rial. Semiofficial news agencies reported the news, saying Rohani had sent the bill with urgency to the parliament to consider. Iran&#8217;s rial has sharply depreciated as a result of U.S. President Donald Trump&#8217;s decision in 2018 to pull out of a landmark nuclear deal between Tehran and world powers and reimpose sanctions. The move has halted billions of dollars in business deals and put the brakes on Iran&#8217;s crude oil sales overseas. On August 21, the rial traded at 116,500 to $1. At the time of the 2015 nuclear deal, the rial traded at 32,000 to $1.<\/p>\n<p><!--more-->In April, the International Monetary Fund (IMF) said it expected Iran&#8217;s economy to shrink by 6 percent this year and that inflation could reach 40 percent, as the country struggles with the impact of the U.S. sanctions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>VOA &#8211; Iranian President Hassan Rohani has sent a bill to parliament that would cut four zeroes from the value of the country&#8217;s battered currency, the rial. Semiofficial news agencies reported the news, saying Rohani had sent the bill with urgency to the parliament to consider. Iran&#8217;s rial has sharply depreciated as a result of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-76537","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"translation":{"provider":"WPGlobus","version":"3.0.2","language":"en","enabled_languages":["fa","en"],"languages":{"fa":{"title":true,"content":true,"excerpt":false},"en":{"title":false,"content":false,"excerpt":false}}},"_links":{"self":[{"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/posts\/76537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/comments?post=76537"}],"version-history":[{"count":0,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/posts\/76537\/revisions"}],"wp:attachment":[{"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/media?parent=76537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/categories?post=76537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/PERSIAN-HERITAGE.COM\/en\/wp-json\/wp\/v2\/tags?post=76537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}