Iran - P-32ab - 5 Iranian Rials - 1988 dated Foreign Paper Money

5 Rials, P-32ab, AH 1317. The rial is the currency of Iran. There is no official symbol for the currency but the Iranian standard ISIRI 820 defined a symbol for use on typewriters (mentioning that it is an invention of the standards committee itself) and the two Iranian standards ISIRI 2900 and ISIRI 3342 define a character code to be used for it. The Iranian rial is currently the second weakest circulating currency in the world after Venezuelan bolivar, as of January 2022, with one United States dollar equaling 300,000 rial.

A proposal has been agreed to by the Iranian parliament to drop four zeros, by replacing the rial with a new currency called the toman, the name of a previous Iranian currency, at the rate of one toman = 10,000 rials. This change is expected to take place between 2020 and 2022. The rial was first introduced in 1798 as a coin worth 1,250 dinars or one-eighth of a toman. In 1825, the rial ceased to be issued, with the qiran subdivided into 20 shahi or 1,000 dinars and was worth one-tenth of a toman, being issued as part of a decimal system. The rial replaced the qiran at par in 1932, subdivided into 100 new dinars. Read more at https://en.wikipedia.org/wiki/Iranian_rial

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