Item Description




Iran 20 Rials 1974
Obverse: Shah Of Iran. Reverse: The 7th Asian Games logo
Note: White specks are particles/dust from scan.


IRAN


20 RIALS 1974
KM# 1196
SCARCE
COMMEMORATIVE: 7TH ASIAN GAMES

FEATURES MUHAMMAD REZA PAHLAVI SHAH
Grade : Brilliant Uncirculated (BU)

We are members of the International Banknote Society and the Malaysia Numismatic Society.
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History of the Iranian Rial

The rial (ریال in Persian; ISO 4217 code IRR) is the currency of Iran. It is subdivided into 100 dinar but, because of the very low current value of the rial, no fraction of the rial is used in accounting. Although not an official currency since 1932, the toman (ten rial) is frequently used to express amounts of money. Prices are currently most commonly marked in toman, sometimes meaning 1,000 or 1,000,000 toman (10,000 or 10,000,000 rial).

History
The rial was first introduced in 1798 as a coin worth 1250 dinar or one eighth of a toman. In 1825, the rial ceased to be issued, with the qiran of 1000 dinars (one tenth of a toman) being issued as part of a decimal system. The rial replaced the qiran at par in 1932, although it was divided into one hundred (new) dinars.

Coins
First rial
Silver coins were issued in denominations of ⅛, ¼, ½ and 1 rial.
Second rial
The first coins of the second rial currency were in denominations of 1, 2, 5, 10 and 25 dinar, ½, 1, 2 and 5 rial, with the ½ to 5 rial coins minted in silver. Gold coins denominated in pahlavi were also issued, initially valued at 100 rial. In 1944, the silver coinage was reduced in size, with the smallest silver coins being 1 rial pieces. This year also saw the cessation of minting of all denominations below 25 dinar. In 1945, silver 10 rial coins were introduced. In 1953, silver coins ceased to be minted, with the smallest denomination now 50 dinar. 20 rial coins were introduced in 1972.

After the Islamic Revolution, the coinage designs were changed to remove the Shah's effigy but the sizes and compositions were not immediately changed. 50 dinar coins were only minted in 1980 and 50 rial coins were introduced in 1981. In 1993, a new coinage was introduced with smaller 1, 5, 10 and 50 rial coins and new 100 rial pieces. 250 rial coins were introduced the following year. In 2004, the sizes of the 50, 100 and 250 rial coins were reduced and 500 rial coins were introduced.

Coins currently in circulation are 50, 100, 250 and 500 rial. The 5 and 10 rials are still legal tender but are not issued anymore.










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Please email us if you wish to pay by currencies. Please send through registered or insured air mail. If payment is made using uncirculated currency of selected countries (please contact us for confirmation) an additional discount of 5%-10% will be given to the final total. Please send to:
STRAITS TRADING CO.
PO BOX 157, JALAN KELANG LAMA,
58700 KUALA LUMPUR,
MALAYSIA








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because of weight.


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items will be sent out immediately
and delivery will usually take
between
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