ریال ایران (Persian) | |
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ISO 4217 | |
Code | IRR (numeric: 364) |
Subunit | 0.01 |
Unit | |
Symbol | ﷼ in Persian Rl/Rls or IR in Latin |
Denominations | |
Superunit | |
10 | toman تومان plural تَوامين (tawāmīn) or تومانات (tūmānāt) |
Subunit | |
1⁄100 | dinar (obsolete) |
Banknotes | |
Freq. used | Rls 10,000, Rls 20,000, Rls 50,000, Rls 100,000, Rls 500,000, Rls 1,000,000, Rls 2,000,000 |
Rarely used | Rls 1,000, Rls 2,000, Rls 5,000 |
Coins | |
Freq. used | Rls 5,000 |
Rarely used | Rls 1,000, Rls 2,000 |
Demographics | |
Official user(s) | Iran |
Unofficial user(s) | |
Issuance | |
Central bank | CBI (Since 1960) BMI (1932–1960) |
Printer | SPMO (Since 1982)[11] De La Rue (former)[12] American Banknote Corporation (former)[12] |
Mint | SPMO |
Valuation | |
Inflation | 30.9% (April 2024) |
Source | [14] |
Value | Official rate US$1 = Rls 280,500 (24 September 2023) Free market US$1 = Rls 570,000 (3 April 2024)[13] |
The rial (Persian: ریال ایران, romanized: riyâl-è Irân; sign: ﷼ ; abbreviation: Rl (singular) and Rls (plural)[15][16] or IR[17] in Latin; ISO code: IRR) is the official currency of Iran. It is subdivided into 100 dinars, but due to the rial's low purchasing power the dinar is not practically used. While POS terminals are in use in Iran, the country does not participate in any of the major international card networks due to sanctions between it and the United States. Travelers are instead advised to load money onto a local prepaid card account.
There is no official symbol for the currency but the Iranian standard ISIRI 820 defined a symbol for use on typewriters (mentioning that it is an invention of the standards committee itself) 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 U+FDFC ﷼ RIAL SIGN.[18]
A proposal has been agreed to by the Iranian Parliament to drop four zeros, by replacing the rial with a new currency called the toman, the name of a previous Iranian currency, at the rate of 1 toman = 10,000 rials.[19]
Not only is the Iranian Toman now traded there, but many Iranian goods are bought and sold throughout the southern half of Iraq.
Iranian currency has become commonly accepted by Iraqi shopkeepers and hoteliers, according to pilgrims who recently returned to Iran. The pilgrims saw large numbers of other Iranians at the shrines of Ali and Hussain, the first and third Shia Imams.
...a Lari pilgrim will take care to buy a chador from Lari who have shops Mecca. Similarly, the Iranian Toman is accepted currency in the holy places, and most travellers do not even bother to change money at the airport or hotel.
They also accept Iranian currency, even those who sell on the streets. Many Arab people can speak Persian.
...shops have Persian on their signs and sellers usually accept the Iranian rial... Walking around the small alleys surrounding the shrine of Sayida Ruqayya in the old town of Damascus, one felt as if one were in an Iranian bazaar. 'Come here, come here, two tuman, two tuman', vendors shouted in Persian to the Iranian crowds passing, trying to attract their attention. They offered clothes, ..., hagled with the pilgrims in Persian and accepted Iranian currency.
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