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The Iranian toman (Persian: تومان, romanized: tūmân, pronounced [tuː.mɒːn]; from Turko-Mongolian tümen "unit of ten thousand", [1] [2] [a] see the unit called tumen) is a superunit of the official currency of Iran, the rial. One toman is equivalent to 10 (old), or 10,000 (new, official) rials.
In July 2019, the Iranian government approved a bill to change the national currency from the rial to the toman with one toman equalling Rls 10,000, a process which will reportedly cost $160 million. [citation needed] This proposal was approved by the Iranian parliament in May 2020. The changeover is likely to be phased over a period of up to ...
From the establishment of the Imperial Bank of Iran (during the era of Naser al-Din Shah Qajar), the first series of Iranian banknotes commissioned by the bank in 1269 in England and by the printing house Bradbury Wilkinson and Company in numbers 1, 2, 3, 5, 10, 20, 25, 50, 100, 500 and 1000 Tomans. All the bills, except for the thousand toman ...
The Biden administration quietly extended a sanctions waiver that will grant Iran access to roughly $10 billion from Iraq two days after President-elect Donald Trump’s Election Day victory.. The ...
3.4 Hong Kong dollar as exchange rate anchor. 4 Conventional peg. Toggle Conventional peg subsection. 4.1 US dollar as exchange rate anchor. ... Iran Maldives ...
The Biden administration has extended a sanctions waiver that allows Iran to access $10 billion in funds from Iraq – a move Republicans say frees up Iran to fund terrorism.
Iran and Russia have finalised an agreement to trade in their local currencies instead of the U.S dollar, Iran's state media reported on Wednesday. The agreement was finalised during a meeting ...
There have been shortages of many essential drugs in Iran, a crisis that began around 2013. The crisis intensified in 2022 when Ebrahim Raisi’s administration removed the 42,000-rial exchange rate for the US dollar. Also in 2022, the Iranian government halted subsidies for the production of food and medicine, causing imported raw materials to ...