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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.
4.5 Indian Rupee as exchange rate anchor. 4.6 Other. ... Iran Maldives ... Pegged exchange rate within horizontal bands (1)
Sept 3 (Reuters) - The Iranian rial hit a record low against the U.S. dollar on the unofficial market on Monday amid a deterioration in the economic situation and the reimposition of sanctions by ...
In early 2019, following the hyperinflation of the rial, the central bank made a new proposal, suggesting the currency be redenominated by introducing a new toman with a value of 10 rials. [ 8 ] In July 2019, the Iranian government approved a bill to change the national currency from the rial to the toman with one new toman equalling 10,000 ...
The Pakistani rupee (ISO code: PKR) is the official currency in the Islamic Republic of Pakistan. The issuance of the currency is controlled by the State Bank of Pakistan . It was officially adopted by the Government of Pakistan in 1949.
Iran is a founding member of OPEC and the Organization of Gas Exporting Countries. [289] Petroleum constitutes 56% of Iran's exports with a value of $60.2 billion in 2018. [18] For the first time, the value of Iran's non-oil exports is expected to reach the value of imports at $43 billion in 2011. [290]
The Islamic Republic of Iran executed over 1,000 prisoners in 86 prisons across the country in 2024, according to a report by the National Council of Resistance of Iran (NCRI). The report says the ...
The one hundred thousand rial banknote is a denomination of Iranian currency that was issued in 2010, replacing the 50,000 rial note as the largest denomination. [ 1 ] The bill features Rouhollah Khomeini 's portrait on the front and the Tomb of Saadi on the back.