bank printed two new travelers cheques, which function quite similar to a banknote, with values of 500,000 and 1,000,000 rials. "Iran dropes the US dollar as foreign banknote". According to Iranian sources in 2018, 59 billion has left Iran since the jcpoa was signed 2 years ago, thus contributing to further depreciation of the national currency.
Iran Currency Exchange Rate, history : FarsiNet
US Dollar Currency Exchange Rate Today
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38 39 On, the Economics Commission of the Parliament announced initiation of a statute in draft to change the currency, claiming redenominations had helped reduce inflation elsewhere, such as in Turkey. 2000 rial notes were introduced in 1986. We compare the official and "Street-rates" to ensure rates listed below are the most accurate indicative of the true IRR-USD exchange rate. In 1944, the silver coinage was reduced in size, with the smallest silver coins being 1 rial pieces. Preliminary results indicate that four zeroes would be cut (in line with the government's recommendation) and that the name will be changed to Parsi.