Iran’s Currency Surgery

An Iranian man uses an ATM at the Tehran Bazaar after the approval of the bill to remove four zeros from the national currency, in Tehran, Iran, October 5, 2025. Majid Asgaripour/WANA (West Asia News Agency)

Iranian people walk at the Tehran Bazaar after the approval of the bill to remove four zeros from the national currency, in Tehran, Iran, October 5, 2025. Majid Asgaripour/WANA (West Asia News Agency)

Prices are seen on the labels in a store at the Tehran Bazaar after the approval of the bill to remove four zeros from the national currency, in Tehran, Iran, October 5, 2025. Majid Asgaripour/WANA (West Asia News Agency)

Iranian people walk at the Tehran Bazaar after the approval of the bill to remove four zeros from the national currency, in Tehran, Iran, October 5, 2025. Majid Asgaripour/WANA (West Asia News Agency)

Iranian people walk at the Tehran Bazaar after the approval of the bill to remove four zeros from the national currency, in Tehran, Iran, October 5, 2025. Majid Asgaripour/WANA (West Asia News Agency)

A currency dealer holds Iranian Rial bills after the approval of the bill to remove four zeros from the national currency, in Tehran, Iran, October 5, 2025. Majid Asgaripour/WANA (West Asia News Agency)

A currency dealer holds Iranian Rial bills after the approval of the bill to remove four zeros from the national currency, in Tehran, Iran, October 5, 2025. Majid Asgaripour/WANA (West Asia News Agency)

A currency dealer works at a currency exchange after the approval of the bill to remove four zeros from the national currency, in Tehran, Iran, October 5, 2025. Majid Asgaripour/WANA (West Asia News Agency)