Definition

1. Noun:
   • The basic unit of money in Iran: The "Iranian rial" is the official currency of the Islamic Republic of Iran. It serves as the standard monetary unit for pricing goods and services within the country.

Usage Examples

• Noun:
  • The price of bread is 50,000 Iranian rials.
  • Tourists must exchange their currency for Iranian rials upon arrival.
  • The old car was sold for several million Iranian rials.

Advanced Usage

• "rial" as a standalone term: In financial contexts within Iran, the word "rial" is often used alone to refer to the Iranian rial, with the nationality implied by the context.
  • The total cost was 100,000 rials.

Variants and Related Words

• Rial (IRR): The standard three-letter currency code for the Iranian rial used in international finance and foreign exchange markets.
• Toman: A common, unofficial unit of account in Iran, equivalent to 10 rials. Prices are frequently quoted in tomans.
  • He paid 50,000 tomans, which is 500,000 rials.

Synonyms

• Currency of Iran: This is a descriptive synonym.
• IRR: This is the official abbreviation.

Related Phrases

• Rial-denominated: Referring to assets, accounts, or contracts valued in Iranian rials.
  • The bank offers rial-denominated savings accounts.

Noun

1. the basic unit of money in Iran