Iranian rial

From Wikipedia, the free encyclopedia

	Image:Khomeini.10000.rial.jpg
20,000 rial banknote, reverse	10,000 rial banknote, obverse and reverse

ISO 4217 Code IRR

User(s) Iran

Inflation 13.5%

Source The World Factbook, 2005 est.

Subunit

1/100 dinar

Symbol ريال

Coins 50, 100, 250, 500 rials

Banknotes 100, 200, 500, 1000, 2000, 5000, 10 000, 20 000 rials

Central bank

Bank Markazi Iran

Website www.cbi.ir

The rial (ریال in Persian; ISO 4217 code IRR) is the official currency of Iran. It consists of 100 dinars,^{[citation needed]} but because of very low current value of the rial, no fraction of the rial is used in accounting.

1 History
- 1.1 Islamic Republic
2 Symbol
3 Coins
4 Banknotes
5 See also

[edit] History

The rial was first introduced in 1798 as a coin worth 1250 dinars or one eighth of a toman. In 1825, the rial ceased to be issued, with the qiran of 1000 dinars (one tenth of a toman) being issued as part of a decimal system. The rial replaced the kran at par in 1932, although it was divided into one hundred (new) dinars.^{[citation needed]} The toman is no longer an official denomination but the term still enjoys wide usage among Iranians today as an amount of ten rials. Most Iranians state the value of things in tomans - not rials. In fact, prices are currently most commonly marked in "tomans",sometimes meaning 1000 tomans (see Toman). In 1979, after the Islamic Revolution, Iranian banknotes featuring the Shah's face were counterstamped with intricate designs to cover the Shah's face.

[edit] Islamic Republic

The value of Iran's currency has declined precipitously since 1979[1][2]. Whereas on 15 March 1978 71.46 rials equaled one US dollar, on 18 September 2006 9,202 rials amounted to one US dollar (SeeIran Currency Exchange Rate History: 1975 - 2006).

[edit] Symbol

There is no official symbol for the currency, but the Iranian standard ISIRI 820 defined a symbol for use on typewriters, and the two Iranian standards ISIRI 2900 and ISIRI 3342 define a character code to be used for it. The Unicode Standard has a compatibility character defined for "RIAL SIGN" [﷼] at the position U+FDFC.

[edit] Coins

Coins in circulation are: 50, 100, 250, and 500 rials. The 5 and 10 rials are still legal tender but not issued anymore.

[edit] Banknotes

Banknotes in circulation are: 100, 200, 500, 1000, 2000, 5000, 10,000 and 20,000 rials. Portraits of Ruhollah Khomeini are found on the obverse of the 1000, 5000, 10,000 and 20,000 rials banknotes.

Current IRR exchange rates

Use Yahoo! Finance:	AUD CAD CHF EUR GBP HKD JPY USD
Use XE.com:	AUD CAD CHF EUR GBP HKD JPY USD

[edit] See also

Least valued currency unit

Dinars
Current	Algerian dinar \| Bahraini dinar \| Islamic gold dinar \| Iraqi dinar \| Jordanian dinar \| Kuwaiti dinar \| Libyan dinar \| Macedonian denar \| Tunisian dinar \| Serbian dinar \| Sudanese dinar
Defunct	Abu Dhabi dinar \| Bosnia and Herzegovina dinar \| Croatian dinar \| Krajina dinar \| Republika Srpska dinar \| South Arabian dinar \| South Yemeni dinar \| Yugoslav dinar
As subunit	Iranian rial
See also	E-dinar
This box: view • talk • edit</div>

Currencies of Asia and the Pacific
Central	Afghan afghani \| Kazakhstani tenge \| Kyrgyzstani som \| Mongolian tugrug \| Russian ruble \| Tajikistani somoni \| Turkmenistani manat \| Uzbekistani som
East	Chinese yuan \| Hong Kong dollar \| Japanese yen \| Macanese pataca \| North Korean won \| South Korean won \| New Taiwan dollar
South-East	Brunei dollar \| Cambodian riel \| Indonesian rupiah \| Lao kip \| Malaysian ringgit \| Myanmar kyat \| Philippine peso \| Singapore dollar \| Thai baht \| US dollar (East Timor) \| Vietnamese đồng
South	Bangladeshi taka \| Bhutanese ngultrum \| Indian rupee \| Maldivian rufiyaa \| Nepalese rupee \| Pakistani rupee \| Sri Lankan rupee
West	Armenian dram \| Azerbaijani manat \| Bahraini dinar \| Cypriot pound \| Egyptian pound \| Georgian lari \| Iranian rial \| Iraqi dinar \| Israeli new sheqel \| Jordanian dinar \| Kuwaiti dinar \| Lebanese lira \| Omani rial \| Qatari riyal \| Saudi riyal \| Syrian pound \| Turkish new lira \| UAE dirham \| Yemeni rial
Pacific	Australian dollar (Kiribati, Nauru, Norfolk Island, Tuvalu) \| CFP franc (French Polynesia, New Caledonia, Wallis and Futuna) \| Cook Islands dollar \| Fijian dollar \| New Zealand dollar (Cook Islands, Niue, Tokelau, Pitcairn Islands) \| Papua New Guinean kina \| Samoan tala \| Solomon Islands dollar \| Tongan pa'anga \| US dollar (American Samoa, Guam, Northern Mariana Islands, Marshall Islands, Federated States of Micronesia, Palau) \| Vanuatu vatu
This box: view • talk • edit</div>