Welcome to this new site on the Iranian Rial. I hope to bring you the best news from Iran. The currency is sometimes abbreviated IRR, so be sure to make yourself familiar with that. The Iran Rial is one of the cheapest currency units in the world. The Rials rates have been low for many years now. Inflation of the money supply is one reason, sanctions are another, but foreign investors are beginning to step up and buy the currency of Iran.
The Central Bank of Iran makes the banknotes. Here is the logo of the bank:
You can click the picture above to enlarge it.
Here is picture of a 100,000 IRR banknote:
Since the Iraqi Dinar is losing popularity, I have decided to focus my attention on the Iranian Currency, mainly, because, as with the IQD, there is quite a bit of disinformation (lies) being spread about the Rial. The United States is now allowing individuals to buy the Iranian money.
Ruhollah Khomeini has his picture is on the majority of banknotes. He died in 1989.
Iranian Rial – Facts Versus Fiction
I want to be able to let you know which dealers are the ones you can trust, as well as which currency units are the best ones to buy, and why.
Using a currency converter will only show you the standard exchange rate, not what you will actually receive when you buy or sell, there is always a markup when you purchase and mark down when you sell, this is normal and can be as much as 30% in some cases.
We don’t have much data yet because the economic sanctions on Iran for trade have just been lifted. There are indicators that this will be a popular currency, more even than the Rupee, Dollar, Peso, Franc, Euro, Pound or Krone. Find a calculator to make an estimation as to how much currency you will receive when you buy.
I eventually plan to make a Forum for this website, mainly because so many others have done so for their own Iraqi Dinar websites, so why would I not do it? I feel strongly that the IRR is a better choice for investing because they have the infrastructure already in place, Iraq is still rebuilding. I recommend potential buyers of the currency of Iran do their own research, and not just listen to one or two people. Currency Liquidator is one place you can pick up the currency, in fact, they waited until after the sanctions over to even accumulate it, so check them out.
For now, I am still building out the website, please check back when we have had time to put up some content. Thanks for stopping by and remember, don’t listen to everyone saying the currency of Iran will revalue, or RV, a revaluation happens every time the currency moves up or down, don’t forget that.