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 After the dinar was withdrawn from circulation, the rial became a floating currency.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 ?
Since last Now Ruz, the rial has fallen 29 percent against the dollar.
Any motorist caught under the influence of alcohol or drugs can face jail-term up to six months and fine up to 800 rials, compared to 50 rials in the old traffic law, a 16-fold increase.
USD rate in Iran's open market is about 32,000 rials, but official USD rate is 25,511 rials.
Analysts argue that the recent appreciation in the Rial value was a psychological reaction to the surprise victory of Rowhani, who promised to improve the country's economy through attempted rapprochement with the world's major powers over the nuclear issue which would help ease international sanctions.
Iran's currency market has effectively been frozen since October 3, when protests erupted in central Teheran over the sliding rial.
A government demand that exchange offices sell dollars at no more than 14,000 rials has meant they stopped selling at all while blackmarket prices soared along with that of gold coins which, like hard currency, are seen as a safe haven for wealth during times of economic uncertainty.
Summary: Le marche des changes iranien restait tres perturbe hier mercredi apres une intervention de la Banque centrale pour soutenir le rial iranien, fragilise par les sanctions americaines, alors que l'Iran a reitere ses menaces contre la presence militaire americaine dans le Golfe.
Nonetheless, the Iranian government denied that the decline of the rial was related to US sanctions.
It was 70 rials against the dollar in 1979, the year an Islamic revolution toppled the pro-Western Shah Mohammad Reza Pahlavi.
UANI has also contacted DLR, a British firm whose machines have printed rials for the regime in the past, for clarification about any current ties to Iran.
The Iranian Privatization Organization(IPO) managed to sell 103 billion rials of assets on the Stock Exhcnage in the period, the organization said in its latest statistics.
5 billion rials in the first six months of 2016, as revenues declined by 32.