PersianiTunes.com

Listen to Persian Radio 24/7

Currency and Banking

The Iranian unit of currency is Rial - Internationally abbreviated to RI or Ris, which is divided into 100 Dinars. Every 10 Rials is also know as 1 Toman (Toe'man). The Bank Markazi (Central Bank), established in 1960 and operated by the government, is the bank of issue. Commercial banking, nationalized and reorganized in 1979, includes some seven major banks.

Coins are available in denominations of 10, 50, 100, and 250  Rial . bank notes in denominations of 100, 200, 500 ,1000 , 2000 , 5000 and 10000 Rials

In the good old times, Coins were available in 50 Dinars (10 Shahi, 1/2 Rial), 1, 2, 5, and 10 Rilas. Bank notes were available in denominations of 10, 20, 50, 100, 200, 500, 1000, 2000, 5000 and 10000 Rials. (See left list for samples of old and new Iranian Currency coins and Bank notes)

                                                                                              

 5 Rials, Reza Shah Pahlavi, 0.5 To'man, Nim To'man

Foreign Trade

More than 90 percent of Iran's export earnings typically come from sales of crude petroleum and petroleum products; most of the country's imports consist of manufactured goods such as machinery, transportation equipment, chemicals, iron and steel, textiles, mineral products, and basic consumer goods. In the late 1980s Iran's exports annually earned about $9.4 billion, and its imports cost some $11 billion. The country's leading trade partners include Japan, Germany, France, Italy, the United States, Great Britain, and the Netherlands.

Imports and exports are governed by regulations issued periodically by the Ministry of Commerce after approval of the Council of Ministers. In accordance with the mentioned regulations, imported goods arc divided into "authorized" goods. "conditional" goods and "prohibited" goods. Authorized goods have unrestricted importation. Conditional goods are goods, import of which requires respective permits. Prohibited goods are goods, import of which is forbidden upon Islamic Sharia, or respective laws and regulations.

20,000 Rial, Islamic Republic Of Iran, 2000 To'man, Do Hezar To'man