IRR

Iranian Rial

IRR is the official currency of Iran. It is issued by the Central Bank of the Islamic Republic of Iran and is subdivided into 100 dinars, though dinars are not used in practice.

Due to high inflation, Iranians commonly use the toman (equal to 10 rials) in daily transactions. International sanctions have significantly impacted the currency's value. There have been ongoing discussions about redenomination to simplify transactions.

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