Иран затеял деноминацию нацвалюты: возьмет ли Москва пример с Тегерана

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Аналитик Разуваев считает, что рубль должен соответствовать одному доллару или евро Поделиться

Иранский парламент в начале октября одобрил проведение деноминации национальной валюты — риала. Об этом сообщило издание Iran International. Национальная валюта потеряет четыре нуля, то есть 10 тыс. нынешних риалов приравняют к одному «новому» риалу. Почему Иран решился на деноминацию нацвалюты и нужна ли она России, где копейки уже практически исчезли из обращения, в материале «МК».

Иран затеял деноминацию нацвалюты: возьмет ли Москва пример с Тегерана

Фото: Sascha Steinach via www.imago-im/www.imago-images.de/Global Look Press

тестовый баннер под заглавное изображение

Власти Ирана одобрили проведение деноминацию риала. У него будет «отрезано» четыре нуля. Кроме того, будет введена новая единица иранской национальной валюты, её сотая доля — киран или гхеран. Другими словами, сто киранов (или гхеранов) будут равны одном риалу. Соответствующий законопроект был принят 144 голосами «за» против 108 и еще троих воздержавшихся. После этого документ был направлен в Совет стражей конституции Иранской республики, который должен проверить, соответствует ли данная мера основному закону страны.

Впервые идея деноминации риала была предложена правительством этого исламского государства шесть лет назад, но тогда её отклонили. С 2019 года она пережила множество изменений. Сегодня иранская валюта является одной из самых дешевых в мире: за одни доллар можно получить более 577,5 тыс. риалов, согласно открытым данным сайтов по обмену валюты. Сами иранцы в разговорной речи сокращают нули и называют цену в «туманах» — в валюте, которая имела хождение в стране до Исламской революции 1979 года. Популярность использования «тумана» настолько велика, что в 2014 году даже была выдвинута инициатива по переименованию риала в «туман», но власти её отклонили.

Насколько опыт Ирана может быть полезен современной России, «МК» выяснил у члена наблюдательного совета Гильдии финансовых аналитиков и риск-менеджеров Александра Разуваева. 

— Почему Иран проводит столь масштабную деноминацию — обрезает сразу четыре нуля?

— Это серьезно упростит расчеты, а о том, что они затруднены сегодня, свидетельствует использование в народной речи другого названия национальной валюты. Напомню, что даже глава экономического комитета парламента Ирана Шамседдин Хоссейни заявил, что главная цель деноминации — сделать банкноты более функциональными и облегчить финансовые транзакции. При этом сама реформа рассчитана на три года — в течении этого переходного периода будет действовать принцип двойного обращения, то есть иранцы смогут использовать как старые, так и новые риалы.

— Есть мнение, что деноминация имеет и психологический эффект, который может немного замедлить инфляцию: раз деньги становятся более весомыми для людей, возвращаются даже сотые их доли, то и товары дорожают медленнее. Но об этом никто не говорит вслух. Почему?

— В случае Ирана отмена четырех нулей не приведет напрямую к замедлению инфляции или решению ключевых экономических проблем. Об этом открыто заявил Шамседдин Хоссейни, который сам процесс деноминации назвал просто «неизбежной корректировкой». Согласно данным, опубликованным Статистическим центром Ирана (SCI) на 22 мая — 21 июня 2025 года, уровень инфляции в Иране составил 34,5% за двенадцатимесячный период, закончившийся в конце третьего иранского месяца Хордад, что на 0,6% больше, чем в предыдущем месяце.

— Высокий уровень – даже по сравнению с российскими 8 процентами…

— Да, и удаление нулей у риала, конечно, не повлияет на инфляцию, но может снизить транзакционные издержки, сделает жизнь людей более удобной. Власти республики просто хорошо понимают происходящую ситуацию и не хотят напрасно обнадеживать народ. Напомню, что обесценивание риала было вызвано не плохим управлением экономикой изнутри, а сильным внешним давлением — международными санкциями, которые ограничили экспорт нефти и иностранные инвестиции. Ситуацию усугубила политическая нестабильность после июньского вооружённого конфликта с Израилем, на фоне которой национальная валюта вновь резко ослабла. Для того, чтобы экономическая ситуация в Иране улучшилась, должно произойти снятие санкций. А это фактически невозможно. Сами религиозные иранцы ждут скрытого имама Махди, а чтобы он пришел, по их мнению, нужно уничтожить Израиль. Этот сосед и сам за себя прекрасно может постоять, но он ещё и союзник США, так что с развитием экономики всё сложно и одной деноминации здесь недостаточно. И на изменения ситуации в ближайшие годы надеяться не приходится.

ЧИТАТЬ ТАКЖЕ:  Эксперт назвал странной угрозу Трампа ввести пошлины на «всю российскую нефть»

— Поможет ли риалу в таких условиях деноминация?

— Что касается перспектив иранской валюты, то я верю в них. Укрепить риал на международной арене позволят и двусторонние расчеты в национальных валютах со странами-партнерами, в том числе со всеми членами ЕАЭС, ШОС, включая Россию и Китай, объем которых с каждым годом растет. При этом деноминация не повлияет на международные финансовые обязательства Ирана, поскольку действующий закон, регулирующий членство в МВФ, остаётся в силе. Однако опыт деноминации других стран говорит о том, что это решение в целом полезное. Напомню, что за последние четверть века на такой шаг пошли Турция, Румыния, Белоруссия и Россия в 1997-98 годах, где гиперинфляция вынуждала граждан носить с собой огромные суммы наличных. Израиль также провёл деноминацию, но еще раньше — в 1985–1986 годах, убрав три нуля из старого шекеля. Ближе всего к нам по срокам деноминация, которую в 2016 году провели власти Белоруссии. Там, как и в Иране, «отрезали» четыре нуля, то есть она была проведена в соотношении 1 новый рубль к 10000 старых. 

— Сейчас в России из обращения фактически исчезла копейка, в связи с чем иногда поднимается вопрос о её возвращении через деноминацию. Следует ли нашей стране идти на этот шаг, ведь с Ираном у неё много общего — например, мы тоже находимся под давлением рекордного количества санкций?

— Действительно, с Ираном нас многое роднит, в том числе в сфере экономики. Однако Россия значительно больше и плюс втянута в затяжной военный конфликт. В целом, если представить себе ситуацию с завершением СВО нашей победой, то возможен в будущем секвестр военных расходов. К тому же, в ближайшее время рубль получит цифровую составляющую. Все это вместе создает хорошую почву для деноминации рубля. Конечно, большинство россиян давно уже платят картами, а остальные средства держат на накопительных счетах, в акциях и облигациях. Кэш — это экзотика уже для многих, но не забывайте, что наличный рубль — это и важный государственный символ, а значит номинал и внешний вид банкнот имеют не последнее значение.

— И в чем это заключается?

— Внешний вид денег должен вызывать уважение у россиян и иностранцев. По мне, лучше, чтобы на них были изображены достойные величия наши соотечественники советской и царской эпохи. И если российский рубль будет соответствовать примерно одному доллару или евро — двум мировым резервным валютам, то это будет вызывать уважение к стране. Было бы правильно, чтобы новые и старые деньги ходили длительный период, например, полгода, параллельно. А затем старые деньги можно было бы обменивать только в отделениях крупных банков. Учитывая, что наличкой сейчас в России мало кто пользуется, расходы на подобную денежную реформу будут не очень большими, а положительный эффект и социальный, и экономический — заметным. Хотелось бы надеяться, что власти рассматривают и такой сценарий или что опыт Ирана их на это вдохновит.

18 КОММЕНТАРИИ

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  2. Sermorelin and Ipamorelin are two synthetic growth
    hormone releasing peptides that have gained popularity in the fields of anti-aging, athletic performance enhancement, and
    medical therapy for growth hormone deficiency. When used together they form
    a blend that is designed to stimulate natural growth hormone production while minimizing side effects associated with direct growth hormone administration. The
    combination offers a more physiological approach because each peptide targets the
    pituitary gland’s somatotropin cells in a complementary manner.
    This leads to smoother increases in serum growth
    hormone levels, improved sleep quality, better tissue repair, and enhanced metabolic health.

    Table of Contents

    1 Introduction to Growth Hormone Releasing Peptides

    2 Sermorelin: Mechanism and Clinical Uses

    3 Ipamorelin: Unique Features and Benefits

    4 The Sermorelin-Ipamorelin Blend: How They Work Together

    5 Comparative Efficacy Studies

    6 Dosage, Administration Protocols, and Safety Considerations

    7 Potential Side Effects and Long-Term Outlook

    8 Frequently Asked Questions

    9 Conclusion

    1 Introduction to Growth Hormone Releasing Peptides

    Growth hormone releasing peptides (GHRPs) are short chains of
    amino acids that mimic the natural signals sent
    by the hypothalamus to the pituitary gland. By binding to ghrelin receptors on somatotropin cells, they trigger the secretion of growth
    hormone (GH). Unlike exogenous GH injections, which can produce supraphysiological spikes and
    require monitoring for resistance or adverse reactions,
    GHRPs stimulate GH release in a pulsatile manner similar to
    normal physiology.

    2 Sermorelin: Mechanism and Clinical Uses

    Sermorelin is an 8-amino acid analogue of growth
    hormone releasing hormone (GHRH). Its primary function is to
    bind to the GHRH receptor on pituitary cells, prompting them to release
    GH. Clinically it has been used for diagnosing growth hormone deficiency in children and adults.
    Beyond diagnostics, patients with low GH levels often receive Sermorelin therapy to improve body composition,
    increase lean muscle mass, reduce fat deposition, enhance recovery after injury, and support bone density.

    Key clinical outcomes of Sermorelin therapy include:

    Improved insulin-like growth factor 1 (IGF-1) production

    Enhanced sleep architecture with deeper REM cycles

    Reduced serum cortisol levels, contributing to better stress resilience

    3 Ipamorelin: Unique Features and Benefits

    Ipamorelin is a pentapeptide that selectively activates the
    ghrelin receptor without stimulating the release of prolactin or vasopressin. This
    selectivity results in fewer side effects compared with other GHRPs such as GHRP-2 or GHRP-6.
    Ipamorelin’s advantages are:

    Minimal impact on appetite, making it suitable for individuals watching caloric intake

    Lower risk of fluid retention or edema

    Ability to sustain GH release over a longer period, supporting consistent anabolic effects

    Clinical studies have shown that Ipamorelin increases IGF-1 levels by 15–20% in healthy adults
    and improves markers of muscle repair after strenuous exercise.

    4 The Sermorelin-Ipamorelin Blend: How They Work
    Together

    When combined, Sermorelin and Ipamorelin produce a synergistic effect on GH
    secretion. Sermorelin activates the GHRH receptor while Ipamorelin stimulates ghrelin receptors;
    together they create a broader stimulus for pituitary
    somatotropin cells. This dual activation results in:

    A higher peak of GH release compared to either peptide alone

    More regular pulsatility, mimicking natural circadian patterns

    Greater overall IGF-1 production with less variability

    Patients using the blend often report faster recovery from workouts, improved
    skin elasticity, and a more pronounced sense of vitality.

    Because the peptides act on receptors rather than directly replacing GH, they avoid many of
    the complications associated with growth hormone therapy such as insulin resistance or edema.

    5 Comparative Efficacy Studies

    Multiple peer-reviewed trials have compared Sermorelin alone,
    Ipamorelin alone, and their blend:

    A randomized crossover study involving 30 healthy volunteers found that the blend
    increased mean daily GH levels by 45% relative to baseline,
    whereas Sermorelin alone achieved a 25% increase and Ipamorelin alone
    a 30% increase.

    In a cohort of middle-aged adults with low IGF-1, those receiving the blend
    for eight weeks had a 22% rise in IGF-1 versus a 12% rise with
    Sermorelin monotherapy.

    A meta-analysis of four studies demonstrated that the blend led to
    a significant reduction in body fat percentage (average −4%) compared with no change in the control group.

    These data support the conclusion that the combination is more effective than either peptide
    alone for boosting endogenous growth hormone
    production and its downstream anabolic effects.

    6 Dosage, Administration Protocols, and Safety Considerations

    Typical dosing regimens for the blend are:

    Sermorelin 0.1 mg (or 2–3 IU) mixed with Ipamorelin 0.05 mg (or 1–2 IU).

    Subcutaneous injection once daily, preferably before bedtime to align with natural GH secretion peaks.

    Some protocols recommend a split dose: one injection in the morning and another at night for maximal coverage.

    Because the blend is peptide-based, it can be administered
    via syringe or pre-filled pen devices. Patients should
    rotate injection sites to prevent lipodystrophy.

    Safety profile: The blend has been shown to have minimal adverse
    events. Common mild reactions include transient injection site discomfort
    or a slight increase in appetite when using higher Ipamorelin doses.

    Long-term safety data are still emerging, but current evidence suggests no
    significant risk of tumor growth or metabolic derangements
    when used within recommended limits.

    7 Potential Side Effects and Long-Term Outlook

    While the blend is generally well tolerated, some individuals may experience:

    Mild water retention (rare)

    Headaches due to transient changes in blood pressure

    Occasional nausea if injected during a full stomach

    Long-term studies are limited; however, because the peptides stimulate endogenous
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    are less likely to cause the side effects associated with chronic growth hormone therapy such
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    8 Frequently Asked Questions

    Q: Can I take Sermorelin and Ipamorelin together without a prescription?

    A: In many jurisdictions they are classified as research
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    Always consult a qualified healthcare provider dianabol before and after youtube starting
    therapy.

    Q: How long does it take to notice benefits?

    A: Some users report improved sleep quality within the first
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    Q: Are there interactions with other supplements?

    A: The blend may interact with medications that affect GH
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    9 Conclusion

    The Sermorelin-Ipamorelin blend represents a sophisticated approach
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    For individuals seeking to improve muscle recovery, metabolic
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  3. Put merely, using HCG following one of the above methods ensures you start recovering your
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    Long-cycle testosterone dosage will vary from
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    the prime end when cruising on an extended cycle.
    If you’re blasting, you’ll have a glance at even greater doses, however I’ll cover that within the quick cycle section under.

    The phrases steroids generically refers to a large group of hormones the body produces naturally
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    Luckily for athletes and bodybuilders, however not so luckily
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    Enlargement of the clitoris as a end result of presence of excess androgen hormones is an alarming facet impact however not uncommon in females
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    Those genetically predisposed to male sample baldness can see this growing prematurely due to
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    We reviewed several articles published between 1991 and 2019
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    Albuminuria, as measured by dipstick evaluation, emerged
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  4. One of the patients resumed AAS use and subsequently developed progressive renal insufficiency and an increase in proteinuria.

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    effects of AAS use, such because the detrimental modifications to cardiac
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    Echocardiographic proof of such changes might
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    Mean clitoral size increased to 4.0 cm after one year of
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