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The Iranian toman (Persian: تومان, romanized: tūmân, pronounced [tuː.mɒːn]; from Turko-Mongolian tümen "unit of ten thousand", [1] [2] [a] see the unit called tumen) is a superunit of the official currency of Iran, the rial. One toman is equivalent to 10 (old), or 10,000 (new, official) rials. [8] Originally, the toman consisted of ...
From the establishment of the Imperial Bank of Iran (during the era of Naser al-Din Shah Qajar), the first series of Iranian banknotes commissioned by the bank in 1269 in England and by the printing house Bradbury Wilkinson and Company in numbers 1, 2, 3, 5, 10, 20, 25, 50, 100, 500 and 1000 Tomans. All the bills, except for the thousand toman ...
Early Qajar Iran: Toman 1,000,000 Dinars Late Qajar Iran: Value ... "market rate", the value of the Iranian rial is tightly controlled by the central bank.
Examples include Korean won = 5 yang in 1893, Iranian toman = 10 rials (used informally today). In the Ottoman Empire , lira and kuruş were super units at some point before becoming the main unit. In the Indian subcontinent, it is common in Hindustani , as well as in both Indian and Pakistani English for large amounts of money to be discussed ...
The qiran (Persian: قران; also Romanized kran) was a currency of Iran between 1825 and 1932. It was subdivided into 20 shahi or 1000 dinar and was worth one tenth of a toman. The rial replaced the qiran at par in 1932, although it was divided into one hundred (new) dinars. Despite the qiran no longer being an official denomination, the term ...
In monetary economics, redenomination is the process of changing the face value of banknotes and coins in circulation. It may be done because inflation has made the currency unit so small that only large denominations of the currency are in circulation. In such cases the name of the currency may change or the original name may be used with a ...
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The bank's primary objective was to facilitate government's financial transactions and to print and distribute the Iranian currency (rial and toman). For more than three decades, Bank Melli Iran acted as the central bank of Iran and was charged with the responsibility to maintain the value of Iranian rial. In 1955, the bank was given the ...