of the Iranian Rial
rial (Ø±ÛŒØ§Ù„ 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).
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)
Silver coins were issued in denominations of
â…›, Â¼, Â½ and 1 rial.
The first coins of the second rial currency were in
denominations of 1, 2, 5, 10 and 25 dinar, Â½, 1, 2 and 5
rial, with the Â½ 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.
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.
currently in circulation are 50, 100, 250 and 500 rial. The 5 and
10 rials are still legal tender but are not issued anymore.