Iranian Rial

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Iranian Rial

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.
References in periodicals archive ?
Sonia Sanjari received the Best Actress Honorary Diploma and 25mn Iranian rial (630 USD) for her performance in "Elephant Shadow".
As such, nobody would like to risk trading in the Iranian rial currency, as it would affect their business.
He said they also take into consideration the local market's demand of the Iranian Rials.
If the banking restrictions go then it will be good," he said, while also lamenting the sanctions-hit Iranian economy that has seen the Iranian rial slide against the US-pegged UAE dirham.
They were also carrying US dollars and Iranian rials.
He reiterated his ministry's plans to sell bonds worth 1 trillion Iranian rials ($94 million) in the current Iranian calendar year, which started on March 21, to pay for oil projects.
He announced of his ministry's plans to sell bonds worth 1 trillion Iranian rials ($94 million) in the current Iranian calendar year, which started on March 21, to pay for oil projects.
When the CBI purchased those dollars from NIOC, it credited NIOC's Tehran office with Iranian rials, which NIOC then distributed.
In particular, the black market exchange rate has continued the appreciation that began with President Rouhani's election, falling from an average of 35,675 Iranian rials (Dh5.
The Exchange was set up to trade contracts in euros, Iranian rials and a basket of other currencies other than dollars.
In November, Russia's central bank said Brazil is interested in settling bilateral trade accounts in rubles and Iranian rials.
Calling for transparency, 15 Majlis deputies urged Rohani to reveal the names of people owing more than 500 billion Iranian rials ($15 million).

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