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The rate was US$1 = Rls 75.75 in 1957. Iran did not follow the dollar's currency devaluation in 1973, leading to a new peg of USD 1 = Rls 68.725. The dollar peg was dropped in 1975. [citation needed] In 1979, Rls 70 equalled USD 1. The value of the rial declined precipitously after the Islamic Revolution because of capital flight from the country.
Government loans and credits are available to industrial and agricultural projects, primarily through banks. Iran's unit of currency is the rial which had an average official exchange rate of 9,326 rials to the U.S. dollar in 2007. [37] Rials are exchanged on the unofficial market at a higher rate. In 1979, the government nationalized private ...
As of December 2024 Iran was experiencing its deepest and longest economic crisis in its modern history. The ministry of social welfare last year announced that 57 percent of Iranians are having some level of malnourishment. Thirty percent live below the poverty line. Iranian Rial became world's least valuable currency. [1] [2] [3] [4]
Fixed currency Anchor currency Rate (anchor / fixed) Abkhazian apsar: Russian ruble: 0.1 Alderney pound (only coins) [1]: Pound sterling: 1 Aruban florin: U.S. dollar: 1.79
Iranian gold coins were denominated in toman, with copper and silver coins denominated in dinar, rial or qiran. During the period of hammered coinage, gold toman coins were struck in denominations of 1 ⁄ 4, 1 ⁄ 2, 1, 2 and 10 toman, [9] and later 1 ⁄ 5, 3 and 6 toman. [10]
Saudi Arabia decimalised the riyal in 1963, with 1 riyal = 100 halalas. Between 1960 and 1963, the riyal was worth 20 qirsh, and before that, it was worth 22 qirsh. The Yemen Arab Republic introduced the coinage system of 1 North Yemeni rial = 100 fils in 1974, to replace the 1 rial = 40 buqsha = 80 halala = 160 zalat system. The country was ...
Omani rial [63] OMR Oman: ر.ع [64] Baisa [63] Pakistani Rupee [65] PKR Pakistan: Rs [65] [66] Paisa [65] Israeli new shekel [33] ILS Palestine ₪ [33] [34] Agora [33] [34] Philippine peso [67] PHP Philippines ₱ [67] [68] Sentimo [67] [68] Qatari riyal [69] QAR Qatar: ر.ق [70] Dirham [69] Russian Ruble [2] RUB Russia: руб. [1] [2 ...
Indian rupee ₹ INR Paisa: 100 Indonesia: Indonesian rupiah: Rp IDR Sen: 100 Iran: Iranian rial: Rl or Rls (pl.) IRR Rial: 100 Iraq: Iraqi dinar: ID IQD Fils: 1000 Ireland: Euro € EUR Cent: 100 Isle of Man: Manx pound £ (none) Penny: 100 Sterling £ GBP Penny: 100 Israel: Israeli new shekel ₪ ILS Agora: 100 Italy: Euro € EUR Cent: 100 ...