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 After the dinar was withdrawn from circulation, the rial became a floating currency.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 ?
The bank said its operating income rose 467m riyals or 22.
Saudi mobile phone operators may be generating 55bn riyals in revenue in 2010, 38pc more than 2006, the kingdom's telecom ministry said.
The prospectus posted on the Capital Markets Authority website in May said the largest part of the cost of the first phase of its project will be financed through a syndicated loan from local banks, worth up to 5 billion riyals.
18 billion riyals to 35 per cent for this quarter amounting to 1.
ODB also financed 15 projects in the petrochemical industries worth 870,000 riyals and constituting 2.
Profit from affiliates jumped almost 68pc to 47m riyals.
riyals in 2090, the kingdom's top petrochemicals corporation declared in a
That compared with a profit of 129mn riyals in the prior-year period.
6 billion Saudi Riyals worth of shares were traded on the exchange.
82) billion riyals for the same quarter of last year which recorded about (170.
TEHRAN (FNA)- Saudi Arabia withdrew 244 billion riyals ($65.
6 billion riyals for the first six month of this year, up by 10.