Iranian rial
The rial (Persian: ریال ایران, romanized: riyâl-è Irân; sign: ﷼ ; abbreviation: Rl (singular) and Rls (plural) or IR in Latin; ISO code: IRR) is the official currency of Iran. It is subdivided into 100 dinars, but due to the rial's low purchasing power the dinar is not practically used. While POS terminals are in use in Iran, the country does not participate in any of the major international card networks due to sanctions between it and the United States. Travelers are instead advised to load money onto a local prepaid card account.
| ریال ایران (Persian) | |
|---|---|
| ISO 4217 | |
| Code | IRR (numeric: 364) |
| Subunit | 0.01 |
| Unit | |
| Symbol | ﷼ in Persian Rl/Rls or IR in Latin |
| Denominations | |
| Superunit | |
| 10 | toman تومان plural تَوَامِين (tawāmīn) or تُومَانَات (tūmānāt) |
| Subunit | |
| 1⁄100 | dinar (obsolete) |
| Banknotes | |
| Freq. used | Rls 10,000, Rls 20,000, Rls 50,000, Rls 100,000, Rls 500,000, Rls 1,000,000, Rls 2,000,000 |
| Rarely used | Rls 1,000, Rls 2,000, Rls 5,000 |
| Coins | |
| Freq. used | Rls 5,000 |
| Rarely used | Rls 1,000, Rls 2,000 |
| Demographics | |
| Official user(s) | Iran |
| Unofficial user(s) |
|
| Issuance | |
| Central bank | CBI (Since 1960) BMI (1932–1960) |
| Printer | SPMO (Since 1982) De La Rue (former) American Banknote Corporation (former) |
| Mint | SPMO |
| Valuation | |
| Inflation | 49% (October 2023) |
| Source | |
| Value | official rate US$1 = Rls 280,500 (24 September 2023) free market US$1 = Rls 570,000 (29 Jan 2024) |
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 U+FDFC ﷼ RIAL SIGN.
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 toman = 10 rials.