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Iran travel guide from Wikivoyage (information on currency exchange and credit card payment) Latest news about Iran currency, Financialtribune, The First Iranian English Economic Daily; Videos. Iran's gold and currency markets Iran's gold and currency markets (Press TV 2012) Gold market and currency exchange in Iran - Part I Part II Part III ...
The last gold coin of Iran in Toman Currency system; on the commemorative of Nowruz celebration; 1926. The first Pahlavi coins, which were minted from 1926 to 1929, only in gold purity (0.900) and coin margins (oak and olive branches) were similar to Qajar coins, and differs from not only in terms of design, type and timeline, but they changed fundamentally in their weight and calendar system.
The Iran Mercantile Exchange (Persian: بورس کالای ایران, IME) is a commodities exchange located in Tehran, Iran.Established on 20 September 2007 from the merger of the Tehran Metal Exchange and the Iran Agricultural Exchange, IME trades in agricultural, metal and mineral, oil and petrochemical products in the spot market and gold coin in the futures market.
The last Pahlavi coin minted in 1978 with coinage date of 1979. The first Bahar Azadi (Imami) Coin with the left portrait of Ruhollah Khomeini as seen in Pahlavi gold coins (left head of Mohammad Reza Pahlavi); minted only in 1991. The gold coin has a purity rate of 90% and weighs 8.13598 grams. [citation needed]
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]
Iran has changed 15% of its foreign exchange reserves into gold (see also: U.S. sanctions against Iran.) [citation needed] In January 2012, the head of Tehran's Chamber of Commerce reported that Iran had 907 tons of gold, purchased at an average of $600 per ounce and worth $54 billion at the current price.
It was in use until the early 20th century. These coins bore no face values and were passed by weight. [1] While the Iranian abbasi was also widespread in eastern Georgia, [2] which was under the Iranian sway, the coin soon after also came to be minted at the mint in Tiflis (Tbilisi), [3] where they were colloquially known as abazi. [3]
This page was last edited on 8 February 2020, at 00:59 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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