Banknote Blog

Numismatic Reference · Iran · August 2026 Iran Is Removing Four Zeros from the Rial: A Collector’s Guide to the Redenomination Every rial banknote in circulation today belongs to a series with a published end date. When a country deletes zeros, the notes that carried them become artifacts of a closed chapter — it happened with Hungary’s pengő, Venezuela’s bolívar, and Zimbabwe’s dollar, and it is happening now in slow motion in Iran. Quick ans …