Iranian rial

Iranian rial
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The rial (sign: ریال ; abbreviation: Rl (singular) and Rls (plural) or IR in Latin; ISO code: IRR) is the official currency of Iran.

There is no official symbol for the currency but the Iranian standard ISIRI 820 defined a symbol for use on typewriters (mentioning that it is an invention of the standards committee itself) and the two Iranian standards ISIRI 2900 and ISIRI 3342 define a character code to be used for it. The Unicode Standard has a compatibility character defined.

A proposal has been agreed to by the Iranian Parliament to drop four zeros, by replacing the rial with a new currency called the toman, the name of a previous Iranian currency, at the rate of 1,000 toman = 10,000 rials.

The rial was first introduced in 1798 as a coin worth 1,250 dinars or one-eighth of a toman. In 1825, the rial ceased to be issued, with the qiran subdivided into 20 shahi or 1,000 dinars and was worth one-tenth of a toman, being issued as part of a decimal system. The rial replaced the qiran at par in 1932, subdivided into 100 new dinars.

Prior to decimalisation in 1932, these coins and currencies were used, and some of these terms still have wide usage in Iranian languages and proverbs:

Country
  • Iran
    Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkmenistan to the north, by Afghanistan and Pakistan to the east, and by the Gulf of Oman and the Persian Gulf to the south. It covers an area of 1.64 e6km2, making it the 17th-largest country. Iran has an estimated population of 86.8 million, making it the 17th-most populous country in the world, and the second-largest in the Middle East. Its largest cities, in descending order, are the capital Tehran, Mashhad, Isfahan, Karaj, Shiraz, and Tabriz.

    The country is home to one of the world's oldest civilizations, beginning with the formation of the Elamite kingdoms in the fourth millennium BC. It was first unified by the Medes, an ancient Iranian people, in the seventh century BC, and reached its territorial height in the sixth century BC, when Cyrus the Great founded the Achaemenid Persian Empire, which became one of the largest empires in history and a superpower. The Achaemenid Empire fell to Alexander the Great in the fourth century BC and was subsequently divided into several Hellenistic states. An Iranian rebellion established the Parthian Empire in the third century BC, which was succeeded in the third century AD by the Sassanid Empire, a major world power for the next four centuries. Arab Muslims conquered the empire in the seventh century AD, which led to the Islamization of Iran. It subsequently became a major center of Islamic culture and learning, with its art, literature, philosophy, and architecture spreading across the Muslim world and beyond during the Islamic Golden Age. Over the next two centuries, a series of native Iranian Muslim dynasties emerged before the Seljuk Turks and the Mongols conquered the region. In the 15th century, the native Safavids re-established a unified Iranian state and national identity, and converted the country to Shia Islam. Under the reign of Nader Shah in the 18th century, Iran presided over the most powerful military in the world, though by the 19th century, a series of conflicts with the Russian Empire led to significant territorial losses. The early 20th century saw the Persian Constitutional Revolution. Efforts to nationalize its fossil fuel supply from Western companies led to an Anglo-American coup in 1953, which resulted in greater autocratic rule under Mohammad Reza Pahlavi and growing Western political influence. He went on to launch a far-reaching series of reforms in 1963. After the Iranian Revolution, the current Islamic Republic was established in 1979 by Ruhollah Khomeini, who became the country's first Supreme Leader.