Iranian rial
1 EUR = 34,653.97 IRR 10,000 IRR = 0.289 EUR
1 CHF = 28323.637 IRR 10,000 IRR = 0.353 CHF
The Rial, Persian ریال, DMG Riyal is the currency of Iran. The ISO code is IRR, as customary abbreviation is also Rl. be used.
The name derives from the Spanish Rial Real, several centuries the currency in Spain ( derived from the Spanish rey, king ').
10 Rial be (partly also officially ) termed Toman, the name of the ancient Persian currency.
On July 19, 2011 have been decided by the Central Bank to delete zeros and four to name the new currency Parsi .. Until two years later, these plans have not yet been implemented.
In the fall of 2012 there was a significant loss in value of the Rial in the relevant market in Tehran, prompting the government was going massively against the currency gray market and closed many exchange offices.
For Rial there are three parallel exchange rates. The first is the so-called reference- based price that earlier companies and airlines was available that could provide by means of this course with cheap dollars for foreign transactions. After the reforms in the autumn of 2012, and the consequent severe restrictions, this course has become almost meaningless. The second course is the non -reference price, the official currency exchange rate. This course is about twice as high as the rate reference, ie it must be paid for one U.S. dollar twice as many Rial. The third course is the black or gray market price. This is the price paid for cash on markets. Before the fall of 2012, this course was half officially determined by the average prices of the Tehran market. Today, the government is trying to restrict the use of this course massive, yet Rial be exchanged on the market. Mid- January 2013, for example, was the price of the Rial 42,900 / €, while the non -reference price was 33,000 / €.
The last coins were minted to 50, 100, 250 and 500 riyals, with the 500 - rial coin is bimetallic. At the time of the Islamic Republic of Iran, there was a 250 riyal - bimetal.
Currently there are coins of 1000, 2000 and 5000 Rial in circulation. The use of the coins to 2000 and 5000 Rial is but uncommon.
Bills
The 50,000 - rial note with the atomic symbol on the back was presented on March 3, 2007. On 22 June 2010, the 100,000 riyal bill appeared to contain the check transactions. He is currently the bill with the highest value in circulation. Because this bill but still only of relatively little value ( in early 2013 about 3 € ), and thus many certificates are required during normal use, are still so-called "Iran 's checks " issued by the central bank beyond, such as in daily use cash will be used. Previously such checks issued by other banks, this may only since 2008 nor the Iranian Central Bank. Currently there are two value levels to 500,000 and 1,000,000 Rial.