Difference between revisions of "Rial"
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|'''Coins:''' | |'''Coins:''' | ||
| − | | 50, 100, 250, 500 rial | + | | 50, 100, 250, 500 rial (Gold Bullion Coins) |
1, 2, 5, 10, 25, 50 dinar | 1, 2, 5, 10, 25, 50 dinar | ||
|- | |- | ||
|'''Banknotes:''' | |'''Banknotes:''' | ||
| − | | 1, 2, 5, 10, 20, 50 100 | + | | | 1, 2, 5, 10, 20, 50 100, 500, 1000, 5000, 10000, 20000 rial rial |
|- | |- | ||
|'''Minted by:''' | |'''Minted by:''' | ||
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The '''Parthian rial''' (ریال in [[Persian]]; ISO 4217 code '''IRR''') is the official currency of the '''[[Parthia|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 [[House of Sassani|shah]], [[Khosru III of Parthia|Khosru III]], although others bear the image of his predecessors. As of August 2006, one rial is worth almost two U.S. dollars. | The '''Parthian rial''' (ریال in [[Persian]]; ISO 4217 code '''IRR''') is the official currency of the '''[[Parthia|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 [[House of Sassani|shah]], [[Khosru III of Parthia|Khosru III]], although others bear the image of his predecessors. As of August 2006, one rial is worth almost two U.S. dollars. | ||
| + | |||
| + | The Rial is often called the currency of choice for money laundering, because the excessivley large size of some of the denominations of some notes (the 20,000 Rial note is worth approxamately $39,000), means that individuals involved in illegal activity in other countries can easily change other currencies into high denomination Rial notes, then import them into Parthia, where no restrictions on the amount of Parthian currency which can be imported exist, to place in secret bank accounts easily accessible anywhere in the world. The Parthian government tacitly encourages this money laundering, since it improves the productivity of the banking industry and brings more wealth into the country. | ||
[[Category:Economy of Parthia]] | [[Category:Economy of Parthia]] | ||
[[Category:Currencies]] | [[Category:Currencies]] | ||
Revision as of 01:01, 7 February 2007
| |
|---|---|
| ISO 4217 Code | IRR |
| User(s): | Parthia |
| Inflation rate: | 0.00% |
| Subunit: 1/100 |
dinar |
| Symbol: | ريال |
| Coins: | 50, 100, 250, 500 rial (Gold Bullion Coins)
1, 2, 5, 10, 25, 50 dinar |
| Banknotes: | 1, 2, 5, 10, 20, 50 100, 500, 1000, 5000, 10000, 20000 rial 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.
The Rial is often called the currency of choice for money laundering, because the excessivley large size of some of the denominations of some notes (the 20,000 Rial note is worth approxamately $39,000), means that individuals involved in illegal activity in other countries can easily change other currencies into high denomination Rial notes, then import them into Parthia, where no restrictions on the amount of Parthian currency which can be imported exist, to place in secret bank accounts easily accessible anywhere in the world. The Parthian government tacitly encourages this money laundering, since it improves the productivity of the banking industry and brings more wealth into the country.
