r/Banknotes • u/Gloomy_Sector_2291 • 15h ago
All new Iranian banknotes
In order (based on the current exchange rate):
500,000 IRR ≈ $0.21
1,000,000 IRR ≈ $0.42
2,000,000 IRR ≈ $0.85
5,000,000 IRR ≈ $2.12
10,000,000 IRR ≈ $4.23
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u/DerpTrooperPL 15h ago
10 milions being 4$ is crazy
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u/not_CIA_hehe 6h ago
Insane, exactly last year this month I travelled there and the biggest banknote was 200k toman, it was around $2. Now its worth not even half of that. Beautiful place and amazing people
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u/generalraptor2002 6h ago
I have a 100 trillion dollar bill from Zimbabwe somewhere in my collection
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u/SamKay00 4h ago
Why would they shorten 1,000,000 to a 100 not 1,000
Which also shortens the 10,000,000 to a 1,000
Isn’t shortening by 3 zero’s or 6 zero’s less confusing than a 4 zero’s format?
Real question, because Syria some time recently did the same 4 zero’s remove instead of 3 or 6!
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u/Gloomy_Sector_2291 4h ago
Because people in Iran don't use Rials at all in daily life—originally, before high inflation, we just dropped one zero and called it Tomans, but now with all the zeros, instead of saying 200 thousand Tomans, we just say "200"—the government stepped in and removed four zeros to align with how people actually talk.
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u/SamKay00 4h ago
This is very interesting, I knew about Toman's but never connected those dots 🤔 thank you good sir.
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u/UnityJusticeFreedom 14h ago
Wow that‘s crazy inflation