I can’t see how with International Swift Sanctions that the IMF and International Community would honor a new currency from a country who is actively trying to disrupt traffic through the Strait of Hormuz, like “Hey guys our worthless currency is now worth infinitely more!” Trust us, we’re good for it! Like every other word and bond we’ve broken over the last few decades”
Not gonna happen.
Iraq on the other hand is working with the IMF and trying to jump through all the proper hoops and channels! Completely different story.
I could be wrong, but I just don’t see it happening for Iran. I hope for those tha have purchased the rial that I’m wrong...
BTW I vaguely remember that if a country is going to change their currency they have to apply for a new ISO number I believe. Iran is changing their currency, Iraq has not applied for a new ISO.... it’s the same currency. A Dinar is a Dinar not a Rial to a Toman. Just food for thought