Iranian Rial (Noun)
Meaning
The basic unit of money in Iran.
Classification
Nouns denoting quantities and units of measure.
Examples
- The Iranian rial is the official currency of Iran, although the toman is also widely used in informal transactions.
- In 1932, the Iranian rial replaced the qiran as the official currency of Iran.
- The Iranian rial is subdivided into 100 dinars, but inflation has rendered the dinar obsolete.
- Iran's central bank has been working to replace the Iranian rial with a new currency called the toman.
- The value of the Iranian rial has fluctuated significantly in recent years due to economic sanctions and inflation.