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TEHRAN — Iran is considering lopping three to four zeros off its currency, a top official said Monday, in an effort to fight out-of-control inflation that many critics blame on the country’s hardline president.
The Iranian rial is now traded at 9,600 rials to one U.S. dollar. That compares with 70 rials against the dollar in 1979, the year an Islamic revolution toppled the pro-Western shah.
