Difference between revisions of "Rial"
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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. | ||
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== Characteristics == | == Characteristics == |
Revision as of 02:42, 7 February 2007
ISO 4217 Code | IRR |
User(s): | Parthia |
Inflation rate: | 0.00% |
Subunit: 1/100 |
dinar |
Symbol: | ريال |
Coins: | 1, 2, 5, 10, 25, 50 dinar
|
Banknotes: | 5, 10, 20, 50 100, 500, 1000, 5000, 10000 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.
Characteristics
Coins
Unit (RPD) | Obverse | Reverse |
---|---|---|
Coins | ||
1 Dinar | Fire Altar With Two Attendants | Shah Yazdegird III |
2 Dinars | Fire Altar With Two Attendants | Shah Ardeshir I |
5 Dinars | Fire Altar With Two Attendants | Shah Shapur II |
10 Dinars | Fire Altar With Two Attendants | Shah Khosru II |
25 Dinars | Fire Altar With Two Attendants | Shah Khosru I |
50 Dinars | Fire Altar With Two Attendants | Shah Shapur I |
1 Rial | Lion With Sun | Shah Khosru III |
2 Rials | Lion With Sun | Shah Khosru III |
Notes
Unit (RPD) | Obverse | Reverse |
---|---|---|
Banknotes | ||
5 Rials | Windcatchers of Yazd | Shah Khosru III |
10 Rials | Mount Damavand | Shah Khosru III |
20 Rials | Karun River Dam | Shah Khosru III |
50 Rials | Tomb of Cyrus the Great | Shah Khosru III |
100 Rials | Niravan Palace | Shah Khosru III |
500 Rials | Two Winged Bulls | Shah Khosru III |
1000 Rials | Golestan Palace Pavilion | Shah Khosru III |
5000 Rials | Golestan Palace | Shah Khosru III |
10,000 Rials | Persepolis Palace | Shah Khosru III |
Assorted Facts
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 10,000 Rial note is worth approxamately $19,000), 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.