Iranian Rial

Iranian Rial

The Iranian rial (Persian: ریال ایران‎ Riâl Irân; ISO 4217 code IRR) is the currency of Iran.Although the "toman" (تومان tumân) is no longer an official unit of Iranian currency, Iranians commonly express amounts of money and prices of goods in "tomans". For this purpose, one "toman" equals 10 rials. Despite this usage, amounts of money and prices of goods are virtually always written in rials. For example, the sign next to a loaf of bread in a store would state the price in rials, e.g., "10,000 rials," even though the clerk, if asked, would say that the bread costs "1000 tomans". 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 Unicode Standard has a compatibility character defined U+FDFC ﷼ Rial sign (HTML ﷼). The Iranian rial was devalued in July 2013 to half its previous value as the government reduced subsidisation of the exchange rate against the dollar. In December 2016, the Iranian government announced the country's currency would be changed from the rial to the commonly used toman. Such a move requires the approval of the Iranian Parliament.

Saudi Arabian Riyal

Saudi Arabian Riyal

The Saudi riyal (Arabic: ريال‎ riyāl); is the currency of Saudi Arabia. It is abbreviated as ر.س or SR (Saudi riyal). It is subdivided into 100 halalas (Arabic: هللة‎ Halalah).

11197 Iranian Rial to Saudi Arabian Riyal exchange rates chart

11197 IRR to SAR exchange rates graph
11197 IRR to SAR Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

11197 IRR to SAR exchange rates table

Exchange IRR to SAR
11197 Iranian Rial = 1.002 Saudi Arabian Riyal
22394 Iranian Rial = 2.003 Saudi Arabian Riyal
55985 Iranian Rial = 5.009 Saudi Arabian Riyal
111970 Iranian Rial = 10.017 Saudi Arabian Riyal
Exchange Iranian Rial to Saudi Arabian Riyal
11197 Iranian Rial to Saudi Arabian Riyal Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

11197 IRR to SAR exchange rates news

Iran, feeling sanctions bite, looks for outlet in Iraq

Iran, already feeling the bite of U.S. sanctions, is turning to its neighbor Iraq to soak up some of its exports in agriculture, manufacturing, and energy

indicative positive
US Sanctions Against Iran Re-Imposed As Wind-Down Periods For Iran Deal Expire - International Law - United States

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Those ineffectual US sanctions
Those ineffectual US sanctions

Here's why punitive measures are not up to the task of convincing Iran or the PA to change their ways

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PressTV-Iran sells 700,000 barrels in second oil auction
PressTV-Iran sells 700,000 barrels in second oil auction

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Iran Finalized the Development of Rial Backed National Cryptocurrency

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Spotify Launches in the Middle East & North Africa

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Date set for auction of Saudi tycoon’s properties

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Saudi, expat fined half a million riyals for ‘tasattur’ operation in Dammam
Saudi, expat fined half a million riyals for ‘tasattur’ operation in Dammam

The Ministry of Commerce and Investment has defamed a Saudi citizen and an Arab expatriate who were convicted of commercial cover-up (tasattur) by a criminal court.

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11197 IRR to SAR currency converter