Iranian Rial

See also: Rial

The rial (ریال in Persan; code ISO 4217: IRR ) is the official currency of the Iran.

The origin of the word probably comes from the Portuguese or Spanish monetary unit real having had course at the 14th century.

A rial breaks up into 100 Dinar S but the rial has if little value today that one does not use any more the fractions of rial. On the other hand, the Iranians use the Toman (Persan: تومان), which is worth 10 rials.

The rial was introduced for the first time in 1798 as a part being worth 1 250 dinars or 1/8 of toman . In 1825, the rial ceased being emitted, with the emission of the kran of 1 000 dinars (1/10 of toman) to confer itself on the decimal system. The rial replaced the kran by parity in 1932, although it was divided into 100 dinars (new). The toman is not any more of use as an official currency, but the term always has a significance as a nap of 10 rials. The majority of the Iranians speak only in tomans when they speak about money.

There does not exist official symbol for the currency, but Iranian standard ISIRI 820 defines a symbol for the typographical use, and two Iranian standards ISIRI 2900 and ISIRI 3342 define a character having to be used. The Unicode has a compatibility for the character defined as symbol of the rial: ﷼ with position U+FDFC.

March 12th, 2007, Iran put in circulation a new ticket of a value of 50.000 rials carrying a nuclear symbol, an initiative intended to be presented like irreversible the national plan of uranium enrichment vis-a-vis the international threats of sanction. The symbol consists of electrons turning around a core on a chart of Iran, all that of orange, green and blue colors.

The parts in circulation are: 50,100,250, and 500 rials. The parts of 5 and 10 rials are legal but are not emitted any more. The tickets in circulation are: 100,200,500,1 000, 2 000, 5 000, 10 000, 20 000 and 50 000 rials.

February 27th, 2006, the course of the rial is of 11 365,9 rials for 1 Euro.

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