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 After the dinar was withdrawn from circulation, the rial became a floating currency.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 ?
Iran's currency, the rial, defied central bank attempts to revive its value yesterday, remaining weak after falling 13 per cent against the dollar last week.
Nawras raised 182 million rials from an initial public offering last year.
The sudden fall of more than 9 percent against the dollar in just nine days drew swift attention after the rial had been stunningly stable for months since President Rohani took office.
The report said 661 trillion rials was equivalent to $73bn, suggesting an exchange rate of about 9,055 rials to the dollar.
The Central Bank of Iran has been sanctioned to issue 392 trillion rials (about $16 billion) in bonds to finance development plans in the present Iranian calendar year.
Yemen's government has approved a 2011 draft budget with a deficit of 302 billion rials ($1.
Kerosene, called naft-e sefid or white oil in Iran, was jacked up 50 percent from 1,000 rials a liter to 1,500 rials.
38 billion rials and a deficit of 800 million rials, based on an average oil price of $50 per barrel.
The second plan would raise the price of unlimited volumes to 11,000 rials per liter or $1.
Nawras raised only 70 million rials from retail investors and 112 million rials came from institutional investors," a source familiar with the IPO, told Reuters.
Since June 27, the dollar has never sold on the open market for more than 31,000 rials or less than 29,000.
The rial strengthened modestly Monday, with the dollar going for 29,000 rials as opposed to the 30,000-to-31,000 range, where it has been for the last two months.