Rial


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Rial

1. 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.

2. The currency of Yemen. It was the currency of South Yemen before unification in 1990. Following unification, the rial remained in circulation along with the North Yemeni dinar until 1996. After the dinar was withdrawn from circulation, the rial became a floating currency.

3. The currency of Oman. It was introduced in 1973, replacing the rial Saidi, which had replaced the Gulf rupee. It is pegged to the U.S. dollar.
References in periodicals archive ?
Monday's black market dollar price was 80 per cent more than the central bank's official "reference rate" of 11,300 rials -- a rate not available to normal Iranians or most importers.
Before the Islamic Revolution, the exchange rate was approximately 70 rials to the dollar, but the rial depreciated significantly due to capital flight after the revolution.
It was 70 rials against the dollar in 1979, the year an Islamic revolution toppled the pro-Western Shah Mohammad Reza Pahlavi.
After 'Rial's early-afternoon fumble, the coverage soon degenerated into Rial and Brannon discussing Brannon's rain-soaked drive to the station.
KBA's decision makes it more difficult for the Iranian regime to combat the crash of the rial.
But there is no sign the government has pumped any foreign exchange into the market to boost the rial.
21m rials in the first quarter of 2014, compared to the same quarter last year.
However, the government believes that the launch of the foreign currency trading room will stop the Rial from sliding any further as many importers will fulfill their foreign currencyrequirementsthroughthiscenterandless people will turn to the unofficial market.
Most exchange companies have stopped dealing in Iranian rial mainly because of its devaluation in the last few months, as well as the regulations imposed by the US regulatory authorities on the financial sector," he told Reuters.
At the end of November, narrow money supply stood at 778 billion rials, while broad money stood at 2 trillion rials.
Nine injections into the market have been unable to stop the continuous fall of the rial this year, which has fallen almost 16 percent from a level of 208 against the dollar mid-January.
NEW YORK -- On Thursday, United Against Nuclear Iran (UANI) launched its Rial Currency Printing Campaign, and announced the results of an investigation into the multinational companies that help Iran produce its currency, the rial.