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History
Central Bank of Iran
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The Central Bank of Iran (CBI), also known as Bank Markazi, officially the Central Bank of the Islamic Republic of Iran is the central bank of Iran.
Imperial Bank of Persia, Tehran, 1902
Imperial Bank of Persia, Tehran, 1902
Bank Markazi Tower, the headquarters of the Central Bank of Iran
Bank Markazi Tower, the headquarters of the Central Bank of Iran
Ferdowsi building of Iran's Central Bank
Ferdowsi building of Iran's Central Bank
Iranian rial
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The rial is the official currency of Iran. It is subdivided into 100 dinars, but due to the rial's low purchasing power the dinar is not practically used. While POS terminals are in use in Iran, the country does not participate in any of the major international card networks due to sanctions between it and the United States. Travelers are instead advised to load money onto a local prepaid card account.
The Iranian rial remained relatively stable against the U.S. dollar until late 2011 when it lost two-thirds of its value within two years.
The Iranian rial remained relatively stable against the U.S. dollar until late 2011 when it lost two-thirds of its value within two years.
A golden daric coin minted during the time of the ancient Persian Empire
A golden daric coin minted during the time of the ancient Persian Empire
Iran's Digital Rial
Iran's Digital Rial
Image: Iran P7s 50tomans ND donatedjs f
Image: Iran P7s 50tomans ND donatedjs f