Iranian Rial
(IRR) Insights
Currency of major Middle Eastern economy and OPEC member; severely impacted by US/international sanctions; one of most depreciated currencies globally; oil export revenues constrained by sanctions; Iran seeking to bypass USD in trade
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Currency Snapshot
Technical specifications, central bank governance, and market standing for Iranian Rial.
IRR
Standardized ISO 4217 Currency Code
﷼
Unicode Glyphs & Display Symbol
1/100 = Dinar (not in practical use) Decimals
Subdivision unit definition
Iran
Central Bank of Iran (CBI)
Central Bank of Iran (CBI)
Multiple official rates; parallel/black market rate widely different
Market-determined exchange rate mechanism
Currency Standard: Fiat (severely sanctions-affected)
Classified as Fiat (severely sanctions-affected) in global trade networks
Banknotes
IRR 10
Coins
IRR 250
Global Network Integration
The FX Intelligence terminal maps the institutional footprint of the Iranian Rial, highlighting cross-border utilization and primary trading corridors.
Verified Authority
Regulated data streams mapped to Central Bank of Iran (CBI).
IRR Market Insights
Deep-dive analysis of the Iranian Rial's global impact, remittance role, and institutional influence.
Strong Currency Impact
Cheaper imports; lower oil revenues in IRR terms; reduced inflation pressure
Weak Currency Impact
Higher oil revenues; severe import inflation (basic goods); economic hardship
Remittance Role
Iran has large diaspora (USA, Germany, Canada, UAE, Turkey) sending remittances through informal channels due to sanctions; estimated $2–5 billion/year through hawala
Central Bank Tools
Interest rates (Islamic finance-compliant – profit rates), FX rate management, Gold reserves
Common Questions About Iranian Rial
Everything you need to know about IRR exchange rates, banknotes, and historical significance.