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 After the dinar was withdrawn from circulation, the rial became a floating currency.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.