Persian / Iranian Currency
10 Rials = 1 Toman
Reza Shah Pahlavi:
Mohammad Reza Shah Pahlavi:
100 (50th Anniv.),
Islamic Republic Of Iran:
Rial Exchange Freeze
Persian Stamp Collection
Other Related Links
Armen Iranian Bank Notes
The Qajar Period & Silver Coin Fiasco
The late Qajar years were beset by a sharp depreciation of the
country's currency, rising prices, and a wider and growing fiscal
crisis of the state. The declining value of the qeraan resulted from
several circumstances: an unfavorable balance of trade and the falling
world price of silver, not to mention tampering with the silver content
of coins by Haajj Mohaammad-Haasan Am^n-al-Z~arb (q.v.), the farmer of
the mint (Bakhash, p. 271). By 1914 the Persian currency was only
one-fifth of what it had been worth in 1800 (Issawi, 1971, pp. 335,
The fiscal crisis was brought about by an inadequate, ineffective, and
inefficient fiscal administration; astronomical costs of maintaining
state bureaucracies, the army, and the royal court; and outright
corruption and decay deeply rooted in both the central and provincial
governments and their various departments. The governmental response
was a growing resort to foreign loans and concessions, combined with
such domestic measures as the sale of crown lands and of provincial
government offices, as well as the farming out of important state
departments. The external measures accentuated the government's
problems in the longer term and proved unpopular with the public, while
internal measures exacerbated the situation by increasing the number of
independent decision-making domains and, via greater insecurity of
office, increasing tax pressure on peasants (Bakhash, p. 264).
Excerpts from THE QAJAR PERIOD
Bakhash, Iran: Monarchy, Bureaucracy and Reform Under the Qajars.
1858-1896, London, 1978.
Nader Shah Silver Coin, 1736 - 1747, No date or value on the coin.
Ahmad Shah, 1 Toman Coin, dated 1334 (1955) (Pam Sadler Collection)
50 Dinars, Da'Shee, 1979, Mohammad Reza Shah.
20 Rials, 7th Asian Games in Tehran, 1974, Mohammad Reza Shah.
One Pahlavi Gold Coin from Mohammad Reza Shah Pahlavi era
1 Pahlavi = 1,240,000 R, 1/2 Pahlavi = 650,000 R, 1/4 Pahlavi = 400,000 R (03/12/2005)
New Gold Coin = 990,000 R. 1/2 coin = 500,000 R, 1/4 Coin = 300,000 R (03/12/2005)
See Rial - Dollar Exchange rates
Mohammad Reza Shah Pahlavi Cronation Memorial Gold Coin
Visit Alborz Iran Coin Collection for more info on Pahlavi Gold Coins
50 Rials, 1979, Islamic Republic of Iran.
250 Rials, 1993, Islamic Republic of Iran.