Tag Archives: toman

The financial markets in Iran are soaring, even though they are a novelty by global standards. The pace at which Iranian markets develop is incredible with new Sharia-compliant securities appearing every day. The country just got out from a decade of isolation, looking for foreign partnerships to fuel the expansion in securities trading. Therefore, Iran produced some of the most ...

The rial was first introduced in 1798 as a coin worth 1,250 dinars or one-eighth of a toman. In 1825, the rial ceased to be issued, with the qiran subdivided into 20 shahi or 1,000 dinars and was worth one-tenth of a toman, being issued as part of a decimal system. The rial replaced the qiran at par in 1932, ...