Difference between revisions of "Rial"
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|'''Banknotes:''' | |'''Banknotes:''' | ||
| − | | 1, 2, 5, 10, 20, 50 100, 200, 500, 1000, 2000, 5000 | + | | 1, 2, 5, 10, 20, 50 100, 200, 500, 1000, 2000, 5000 rial |
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|'''Minted by:''' | |'''Minted by:''' | ||
Revision as of 02:12, 24 December 2006
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| ISO 4217 Code | IRR |
| User(s): | Parthia |
| Inflation rate: | 0.00% |
| Subunit: 1/100 |
dinar |
| Symbol: | ريال |
| Coins: | 50, 100, 250, 500 rial
1, 2, 5, 10, 25, 50 dinar |
| Banknotes: | 1, 2, 5, 10, 20, 50 100, 200, 500, 1000, 2000, 5000 rial |
| Minted by: | Central Bank of Parthia |
| Current exchange rate: | 1 rial = 1.9607 U.S. dollars |
The Parthian rial (ریال in Persian; ISO 4217 code IRR) is the official currency of the Shahdom of Parthia. The subunit of the rial is the dinar. 100 dinars equal 1 rial. The rial is one of the strongest and most stable currencies in the world, thanks to Parthia's full reserve banking system (which has virtually eliminated the business cycle) and gold standard, which ensures that the currency's value remains stable. As such, inflation is hardly a concern in Parthia. Rials and dinars are minted by the Central Bank of Parthia, and can be readily exchanged for gold at local banks. Most rials bear the image of the current shah, Khosru III, although others bear the image of his predecessors. As of August 2006, one rial is worth almost two U.S. dollars.
