SPMO (Since 1982)[11] De La Rue (former)[12] American Banknote Corporation (former)[12]
Mint
SPMO
Valuation
Inflation
49% (October 2023)
Source
[14]
Value
Official rate US$1 = Rls 280,500 (24 September 2023)
Free market US$1 = Rls 630,000 (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 rials.[19]
^Matthew Rosenberg; Annie Lowrey (August 17, 2012). "Iranian Currency Traders Find a Haven in Afghanistan". The New York Times. Retrieved October 25, 2016.
^Anoushiravan Ehteshami; Mahjoob Zweiri, eds. (2011). Iran's Foreign Policy: From Khatami to Ahmadinejad. Eastbourne: Sussex Academic Press. p. 134. ISBN 978-0863724152. Not only is the Iranian Toman now traded there, but many Iranian goods are bought and sold throughout the southern half of Iraq.
^"Iran's currency woes hurt wallets in Iraq". Al Jazeera. November 2, 2012. Retrieved November 19, 2014.
^Angus McDowall (November 15, 2003). "Iranian pilgrims risk lives crossing border". The Independent. Retrieved October 25, 2016. 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.
^Aseel Kami (February 11, 2012). "'We decided not to receive Iranian currency any more'". Arabian Business. Retrieved October 25, 2016.
^Mohammed, Irfan (May 7, 2013). "Money changers stay away from Iranian Toman". Arab News. Retrieved November 19, 2014.
^Adelkhah, Fariba (2015). The Thousand and One Borders of Iran: Travel and Identity. Iranian Studies. Vol. 27. Routledge. p. 225. ISBN 978-1317418979. ...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.
^Ebrahimi, Marziyeh (May 23, 2013). "A Trip to Mecca and Medina Saudi Arabia for Hajj". GoNOMAD. Retrieved October 25, 2016. They also accept Iranian currency, even those who sell on the streets. Many Arab people can speak Persian.
^"Saudis refuse Iranian currency from Iranian pilgrims to Mecca". Iran Press News. January 7, 2007. Retrieved October 25, 2016.
^von Maltzahn, Nadia (2013). The Syria-Iran Axis: Cultural Diplomacy and International Relations in the Middle East. Library of Modern Middle East Studies. Vol. 37. London: I.B.Tauris. p. 199. ISBN 978-1780765372. ...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.
^"A Tour of CBI's Security Printing". Tehran Times. April 28, 1998.
^ abShargi, Ali (December 15, 1998), ESKENĀS, vol. VIII/6, Encyclopædia Iranica, pp. 615–624
^"قیمت دلار آزاد".
^"Eghtesad News اعلام نرخ تورم تیر". July 24, 2022.
^"World Bank Editorial Style Guide 2020 - page 136" (PDF). openknowledge.worldbank.org. Retrieved August 1, 2022.
^Iran Company Laws and Regulations Handbook Volume 1 Strategic Information and Basic Laws - page 194. Lulu.com. April 25, 2016. ISBN 9781433069994. Retrieved July 20, 2022.
^"Iran". CIA World Factbook 1990 - page 148. April 1, 1990. Retrieved July 20, 2022. {{cite book}}: |website= ignored (help)
^For the proposal, see Pournader, Roozbeh (September 20, 2001). "Proposal to add Arabic Currency Sign Rial to the UCS" (PDF). It proposes the character under the name of ARABIC CURRENCY SIGN RIAL, which was changed by the standard committees to RIAL SIGN.
^Bantillo, Pearl. "Iran economy set for deeper contraction amid US sanctions, pandemic". ICIS Explore. Retrieved October 22, 2020.
character defined U+FDFC ﷼ RIAL SIGN. A proposal has been agreed to by the Iranian Parliament to drop four zeros, by replacing the rial with a new currency called...
University Rial Racing, a former German Formula One team Various currencies named rial, riyal or riel (derived from Spanish/Portuguese real): Iranianrial, the...
currency. On 7 December 2016, the Iranian government approved a call by the Iranian central bank to replace the Iranianrial with the more colloquially and...
banking system, and an "anemic" private sector. Iran's currency (Iranianrial) has fallen, and Iran has a relatively low rating in "Economic Freedom"...
to the Iranian government and has the exclusive right of issuing banknote and coinage. CBI is tasked with maintaining the value of Iranianrial and supervision...
770 trillion rials) in Iranian year 2011–2012. The Iranian Parliament also approved a total budget of $508 billion (5,170 trillion rials) that factors...
manufacturing) and agriculture. The Central Bank of Iran is responsible for developing and maintaining the Iranianrial, the country's currency. The government does...
currencies other than the United States dollar, primarily the euro and Iranianrial and a basket of other major (non-US) currencies. The geographical location...
banknotes in Iran. Its value is also attached to the existing traditional paper rial. According to the emphasis of the Central Bank of Iran, Rial Currency...
It was considered as the largest Iranian company in terms of annual income with a revenue of 364 657 billion Rials in 2016. It is the largest bank in...
Countries currently using a currency called "dinar" or similar: 1⁄100 of the Iranianrial Countries and regions which have previously used a currency called "dinar"...
government. This has weakened Iranian civil society and strengthened the state.[citation needed] The value of the Iranianrial has plunged since autumn 2011...
United States has imposed sanctions against Iran in response to the Iranian nuclear program and Iranian support for Hezbollah, Hamas, and Palestine Islamic...
quarter of its total market capitalization because of the collapse of the Iranianrial and the slump in oil prices. It was also decided in 2014 that some banks...
limited strikes on Iran on 18 April 2024. During the ongoing Israel-Hamas war, the Iranian consulate annex building adjacent to the Iranian embassy in Damascus...
also called the Iranian Parliament, the Iranian Majles (Arabicised spelling Majlis) or ICA, is the national legislative body of Iran. The Parliament currently...
pound Egypt and Gaza Strip Emirati dirham Euro Cyprus Georgian lari Iranianrial Iraqi dinar Israeli new shekel Israel, West Bank and Gaza Strip Jordanian...
war. The Kaaba is depicted on the reverse of 500 Saudi riyal and 2000 Iranianrial banknotes. The Kaaba is a cuboid-shaped structure made of stones. It...
patron of the SUMKA. After the 1953 Iranian coup d'état, the party received a monthly stipend of 2,500 Iranianrial from the police and other security...
least valued currency units in the world, after the Venezuelan bolivar, Iranianrial and Vietnamese đồng. In present-day Indonesia, when mentioning an amount...
Mausoleum on the reverse of a 1954 10 Iranianrial banknote Avicenna Mausoleum on the reverse of a 1981 200 Iranianrial banknote Thresholds 24, Massachusetts...
Archived from the original on 17 June 2021. Retrieved 17 June 2021. "IranianRial (IRR) to United States Dollars (USD)". Exchange-Rates.org. 1 June 2021...
formalised its approval to become a BRICS member. While Egypt, Ethiopia, Iran, and the United Arab Emirates were not admitted as members during the 15th...
in Iran and some border areas in neighbouring countries, the country is one of the region's largest and most populous. It belongs to the Indo-Iranian branch...