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In 1945, the rial was pegged to the U.S. dollar at USD 1 = Rls 32.25. 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.
Iran’s currency fell to a record low on Sunday, plunging to 613,500 to the dollar, as its people celebrated the Persian New Year. On Sunday, people were trying to exchange rials for foreign ...
US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador El Salvador Marshall Islands Micronesia Palau Panama Timor-Leste Andorra Monaco San Marino Vatican City Kosovo Montenegro Kiribati Nauru Tuvalu; Currency board (11) Djibouti Hong Kong ; ECCU Antigua and Barbuda Dominica
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 rials, a process that would reportedly cost $160 million. [citation needed] The proposal would see the new toman divided into 100 qirans. This proposal was approved by the Iranian parliament in May ...
In a sign that it will allow some flexibility in exchange rates under threatened U.S. sanctions, Iran has lowered the official value of the rial versus the dollar for the first time since it tried ...
Iran's national currency has weakened at the prospect of a Trump presidency, reaching an all-time low of 700,000 rials to the U.S dollar on the free market, according to Iranian currency tracking ...
International dollar – hypothetical currency pegged 1:1 to the United States dollar; ... Toman (تومان) – Iran; Trade dollar British trade dollar – Great ...
Iran and Russia have finalised an agreement to trade in their local currencies instead of the U.S dollar, Iran's state media reported on Wednesday. The agreement was finalised during a meeting ...