The Central Bank of the Islamic Republic of Iran, also known as Bank Markazi, was established under the Iranian Banking and Monetary Act in 1960. It serves as the banker to the Iranian government and
Bank Markazi Tower, headquarters of the Central Bank of Iran since 2005
First building of Iran's Central Bank on Ferdowsi Street in Tehran, viewed from rear
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.
Central Bank of Iran
…as the banker to the Iranian government and has the exclusive right to issue banknotes and coinage. CBI is tasked with maintaining the value of the Iranian rial and supervision of banks and credit institutions. It acts as custodian of the National Jewels, as well as the foreign exchange and gold reserves of…
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
10000 IRR 1981 Typ 2 Back