History
The rial was first introduced in 1798 as a coin worth 1250 dinar or one eighth of a toman. In 1825, the rial ceased to be issued, with the qiran of 1000 dinars (one tenth of a toman) being issued as part of a decimal system. The rial replaced the qiran at par in 1932, although it was divided into one hundred (new) dinars.
Prior to decimalisation in 1932, these coins and currencies were used, and some of these terms still have wide usage in Iranian languages and proverbs:
| Old currency | In dinar | First issue | Year |
|---|---|---|---|
| shahi | 50 dinar | Samanid dynasty | unknown |
| mahmoudi (sannar) | 100 dinar | Sultan Mahmoud | unknown |
| abbasi | 200 dinar | Shah Abbas I | unknown |
| naderi (da-shahi) | 500 dinar | Nader Shah | unknown |
| qiran | 1000 dinar | Fath Ali Shah | 1825 |
| rial | 1250 dinar | Fath Ali Shah | 1798 |
| dozari | 2000 dinar | Qajar dynasty | unknown |
| panjzari | 5000 dinar | Qajar dynasty | unknown |
| toman | 10000 dinar | Ilkhanate | unknown |
Read more about this topic: Iranian Rial
Famous quotes containing the word history:
“I assure you that in our next class we will concern ourselves solely with the history of Egypt, and not with the more lurid and non-curricular subject of living mummies.”
—Griffin Jay, and Reginald LeBorg. Prof. Norman (Frank Reicher)
“Only the history of free peoples is worth our attention; the history of men under a despotism is merely a collection of anecdotes.”
—Sébastien-Roch Nicolas De Chamfort (1741–1794)
“The history of modern art is also the history of the progressive loss of art’s audience. Art has increasingly become the concern of the artist and the bafflement of the public.”
—Henry Geldzahler (1935–1994)