Iranian Rial

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Iranian Rial

The currency of Iran. Issued to replace the qiran in 1932, it was pegged to the British pound at various rates until 1945. After this, it was pegged to the U.S. dollar until 1975. Since the Islamic Revolution in 1979, the rial has been marked by high inflation and low value.
References in periodicals archive ?
As such, nobody would like to risk trading in the Iranian rial currency, as it would affect their business.
Since Kurdistan is a heavy importer of Iranian products, the depreciation of Iranian Rials has also impacted the region's markets, especially the food market.
They were also carrying US dollars and Iranian rials.
The agency said the four carried unspecified sums of foreign currency, including US dollars and Iranian rials, and had flights booked to Syria.
He announced of his ministry's plans to sell bonds worth 1 trillion Iranian rials ($94 million) in the current Iranian calendar year, which started on March 21, to pay for oil projects.
In November, Russia's central bank said Brazil is interested in settling bilateral trade accounts in rubles and Iranian rials.
They also carried unspecified sums of foreign currency, including US dollars and Iranian rials, they said.
The Exchange was set up to trade contracts in euros, Iranian rials and a basket of other currencies other than dollars.
Bank Mellat has announced that it has started handling trade with Turkey in Turkish lira and Iranian rials rather than in an international transaction currency.
We have completely stopped dealing with Iranian rials," a money exchange operator told Gulf News.
The Tehran Stock Exchange, home of the world's second-best performing equity index in the first half of the year, has a total value of 747 trillion Iranian rials ($75 billion).

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