درگیری با مهندس زن معترض در مجمع نظام مهندسی اصفهان
Aug 4, 2025
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Trump Administration Announces Major Tourist Visa Change
The U.S. will implement a 12-month pilot program requiring some visitors to pay a bond of up to $15,000 for a visa. The program targets visitors from countries with high visa overstay rates or where screening information is lacking. Citizens of Canada, Mexico, and Visa Waiver Program countries are exempt.
Iran revives currency redenomination bill but keeps 'rial' as official unit
The new currency unit will be worth IRR 10,000, effectively removing four zeros from the current denomination / CC: EcoIran
By bne IntelliNews August 3, 2025
Iran’s long-standing plan to slash four zeros from its national currency is once again advancing through parliament, as the Economic Commission of the Islamic Consultative Assembly (Iranian parliament) approved a revised version of the bill on August 3.
However, MPs opted to retain the 'rial' as the official currency unit, rejecting the government's proposal to rename it ‘toman,’ as was initially announced as part of the plan.
According to Shamseddin Hosseini, head of the Economic Commission, the bill – originally introduced by the Rouhani administration as part of broader monetary reform – required revision following the enactment of the new Central Bank law in 2023, which rendered several articles of the old monetary and banking law obsolete.
“The key structure remains intact,” Hosseini told reporters. “The new currency unit will be worth IRR10,000, effectively removing four zeros from the current denomination. One new rial will be subdivided into 100 ‘qerans’, reviving a historic unit as the fractional denomination.”
The initial government draft had proposed switching the official currency name to the more commonly used ‘toman’ and using ‘qeran’ as the subunit. However, lawmakers cited Article 58(a) of the Central Bank Law, which explicitly defines ‘rial’ as the legal tender, to maintain continuity.
The commission also addressed concerns from the Guardian Council regarding Iran’s obligations to the International Monetary Fund (IMF). Hosseini assured that the re-denomination would not affect Iran’s international financial commitments, as the existing law governing IMF membership remains in force.
Although the bill is still pending a full vote in the Majles (parliament), latest decision reaffirms Iran’s determination to simplify monetary transactions, ease accounting burdens, and restore symbolic credibility to the currency, albeit without a name change.
The redenomination initiative, first floated in 2008 and formally submitted in 2019, had repeatedly stalled due to political uncertainty and economic volatility. If passed, implementation would take place gradually, involving dual-currency circulation, updated banknotes, and public awareness campaigns.
Aug 3, 2025
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Achaemenid Empire
Largest by proportion of world population: It's estimated that at its height around 480 BCE, the Achaemenid Empire ruled over 44% of the world's population, which was roughly 50 million people out of an estimated global population of 112.4 million.
Largest empire in the ancient world by area: It encompassed approximately 5.5 million square kilometers (2.1 million square miles) stretching from the Balkans and Egypt in the west, through Central Asia, and eastward to the Indus Valley.
Donald Trump fires person behind jobs numbers after they're revised down President Donald Trump on Friday fired Dr. Erika McEntarfer, the commissioner of labor statistics, after July's U.S. job numbers were revised down.
"I was just informed that our Country's 'Jobs Numbers' are being produced by a Biden Appointee, Dr. Erika McEntarfer, the Commissioner of Labor Statistics, who faked the Jobs Numbers before the Election to try and boost Kamala's chances of Victory," Trump posted on Truth Social, referring to former Democratic presidential nominee Kamala Harris.
"This is the same Bureau of Labor Statistics that overstated the Jobs Growth in March 2024 by approximately 818,000 and, then again, right before the 2024 Presidential Election, in August and September, by 112,000. These were Records — No one can be that wrong? We need accurate Jobs Numbers."