Revista Internacional de Economía y Ciencias de la Gestión

ANALYSIS OF LOPPING ZEROS FROM NATIONAL CURRENCY OF IRAN AND SOME OTHER COUNTRIES

Abstract

Seyed Valiollah MirHosseini

Money is not only the facilitator of the economic exchanges, but affects the national identity of citizens and authority of governments and would be treated as a tool to empower governments. Today, monetary policies controlling becomes difficult, so slashing zeros from the national currency can be employed as a part of the economic reforms package. Removing zeros from the national currency per se cannot be effective to eliminate inflation. It should be carried out in the framework of a series of important economic reforms. Taking advantage of similar experiences of the other countries will lead to better, faster and less expensive consequences; hence, the condition in which zeros were removed from the national currencies of some countries is analyzed in this paper and their experiences will be used to cut zeros off of the Iranian currency. Likewise, Iranian economic status quo, advantages and disadvantages caused by lopping zeros from the Iranian national currency and finally conclusion and propositions will be dealt with in this study.