The qiran (; also
Romanized
In linguistics, romanization is the conversion of text from a different writing system to the Roman (Latin) script, or a system for doing so. Methods of romanization include transliteration, for representing written text, and transcription, ...
''kran'') was a currency of
Iran
Iran, officially the Islamic Republic of Iran (IRI) and also known as Persia, is a country in West Asia. It borders Iraq to the west, Turkey, Azerbaijan, and Armenia to the northwest, the Caspian Sea to the north, Turkmenistan to the nort ...
between 1825 and 1932. It was subdivided into 20 ''shahi'' or 1000 ''dinar'' and was worth one tenth of a
toman. The
rial replaced the qiran at par in 1932, although it was divided into one hundred (new)
dinar
The dinar () is the name of the principal currency unit in several countries near the Mediterranean Sea, with a more widespread historical use. The English word "dinar" is the transliteration of the Arabic دينار (''dīnār''), which was bor ...
s. Despite the qiran no longer being an official denomination, the term still enjoys wide usage among Iranians.
Value
From 1874 to 1895, the value of the qiran depreciated by half relative to
sterling, from 1 qiran equal to 9.6
d. (25 qirans for £1 stg) to 4.8d. (50 qirans for £1 stg), which then kept that value for the next few years.
Britannica
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In 1930, it was pegged to sterling at 59.75 qirans = £1 stg, although a regulated parallel market existed where the price of sterling is much higher than the aforementioned legal rate.
Coins
Until 1876, silver coins were minted in denominations of , , and 1 qiran. A milled coinage was introduced in 1876, with denominations of 12, 25, 50, 100 and 200 dinar, , , 1, 2 and 5 qiran. Gold coins and banknotes were denominated in toman.
References
External links
''Iran Collection''
– a website about Persian banknotes and coins since Qajar era
Currencies of Iran
Modern obsolete currencies
Economic history of Iran
1820s establishments in Iran
1825 establishments in Asia
1932 disestablishments
Dinar
{{Iran-stub