What’s the difference between the Iranian Rial and Toman, and how many Iranian Rials are there to a Toman?
Unlike many currencies, the Iranian Rial to Toman is 10 to 1, as opposed to a more commonly understood 100 to 1.
The Rial is the official currency of Iran, but Toman is the unofficial term, and is more commonly used by Iranians.
So if you’re asking prices in Iran, you need to be sure whether the price you’re looking at is in Rials or Tomans — failing to do so might mean that you’ll be paying for something 10-fold! It’s worth noting that in all official business transactions, Rials will be used.
Here is a list of current denominations available in note form:
- 10,000 Rials note = 1,000 Tomans
- 20,000 Rials note = 2,000 Tomans
- 50,000 Rials note = 5,000 Tomans
- 100,000 Rials note = 10,000 Tomans
- 500,000 Rials note = 50,000 Tomans (referred to as “travellers’ cheque”)
Can you name any other countries that don’t also have a 100 to 1 currency?
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