About the Iranian Rial
The Rial was adopted as the currency of Iran in 1932, replacing the Qiran. It has been heavily affected by inflation, international sanctions, and political turmoil throughout its history.
The name 'Rial' derives from the Spanish 'real', the currency of Spain for centuries.
Interesting Facts
The Toman
Although the Rial is the official currency, Iranians almost exclusively use the 'Toman' in everyday conversation and pricing. One Toman equals ten Rials.
Ayatollah Khomeini on Banknotes
All Iranian banknotes feature a portrait of Ayatollah Ruhollah Khomeini, the founder of the Islamic Republic of Iran.
Sanctions and Inflation
The value of the Iranian Rial has been severely impacted by decades of international sanctions and high inflation, leading to the use of very large denomination banknotes.
Historical Timeline
The Rial replaces the Qiran.
The Iranian Revolution takes place, leading to major economic changes.
Iran's parliament passes a bill to redenominate the currency from the Rial to the Toman, removing four zeros, though implementation is pending.
Denominations
Banknotes
Coins
Security Features
Quick Facts
- ISO Code
- IRR
- Symbol
- ﷼
- Numeric Code
- 364
- Subunit
- Dinar (1/100)
- Introduced
- 1932-01-01
Central Bank
- Name
- Central Bank of the Islamic Republic of Iran
- Headquarters
- Tehran, Iran
- Founded
- 1960
- Current Governor
- Mohammad Reza Farzin (since 2022)
Economic Data
- Reserve Currency Share
- 0.0%
- Forex Volume Share
- 0.0%
- Inflation Rate
- 31.0%
- Interest Rate
- 23.0%
Exchange Rates
What Affects the IRR Exchange Rate?
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