Iranian rial
| Iranian rial | |
|---|---|
| ریال ایران (Persian) | |
| ISO 4217 | |
| Code | IRR |
| Denominations | |
| Superunit | |
| 10 |
toman (unofficial) |
| Symbol |
 (﷼ in Unicode) |
| Banknotes | |
| Freq. used | 2,000, 5,000, 10,000, 20,000, 50,000, 100,000 rials |
| Rarely used | 100, 200, 500, 1,000 rials |
| Coins | |
| Freq. used | 500, 1,000, 2,000, 5,000 rials |
| Rarely used | 50, 100, 250 rials |
| Demographics | |
| Official user(s) |
 Iran
|
| Unofficial user(s) | |
| Issuance | |
| Central bank | Central Bank of the Islamic Republic of Iran |
| Website | www |
The Iranian rial (Persian: ریال ایران; ISO 4217 code IRR) is the currency of Iran.
Although the "toman" is no longer an official unit of Iranian currency, Iranians commonly express amounts of money and prices of goods in "tomans". For this purpose, one "toman" equals 10 rials. Despite this usage, amounts of money and prices of goods are virtually always written in rials. For example, the sign next to a loaf of bread in a store would state the price in rials, e.g., "10,000 Rials," even though the clerk, if asked, would say that the bread costs "1000 tomans". 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 (HTML ﷼). The Iranian rial was devalued in July 2013 to half its previous value as the government reduced subsidisation of the exchange rate against the dollar. In December 2016, the Iranian government announced the country's currency will be changed from the rial to the commonly used toman. It needs the Iranian Parliament's approval.
The rial was first introduced in 1798 as a coin worth 1,250 dinars or one eighth of a toman. In 1825, the rial ceased to be issued, with the qiran of 1,000 dinars (one tenth of a toman) being issued as part of a decimal system. The rial replaced the qiran at par in 1932, although it was divided into one hundred (new) dinars.
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