Iranian toman
Encyclopedia
The toman is a superunit of the official currency of Iran, the rial
. Toman, derived from a Mongolian
word meaning ten thousand (see tumen
), was the currency of Iran
until 1932. It was divided into 10,000 dinar. Between 1798 and 1825, the toman was also subdivided into 8 rial
, each of 1250 dinar. In 1825, the qiran was introduced, worth 1000 dinar or one tenth of a toman.
In 1932, the rial
replaced the toman at a rate of 1 toman = 10 rials (i.e., 1 rial = 1 qiran). Although the rial is the official currency of Iran, many Iranians employ the term toman in everyday transactions for an amount of 10 rials. In unofficial circumstances, a toman may also refer to either 1,000 tomans or 1,000,000 tomans. The order of the magnitude of the amount would be considered to be apparent from the context.
introduced notes in denominations of 1, 2, 3, 5, 10, 20, 25, 50, 100, 500 and 1000 toman. These notes were issued until 1923. In 1924, a second series was introduced, consisting of 1, 2, 5, 10, 20, 50 and 100 toman notes which were issued until the rial was introduced in 1932. The higher-denomination notes were subject to frequent counterfeiting. Currently, since the worth of the toman has fallen so much the standard bank notes are 1,000; 2,000; 5,000; 10,000; 20,000; 50,000; and 100,000 toman notes.
Iranian rial
The rial is the currency of Iran. It is subdivided into 100 dinar but, because of the very low current value of the rial, no fraction of the rial is used in accounting....
. Toman, derived from a Mongolian
Mongolian language
The Mongolian language is the official language of Mongolia and the best-known member of the Mongolic language family. The number of speakers across all its dialects may be 5.2 million, including the vast majority of the residents of Mongolia and many of the Mongolian residents of the Inner...
word meaning ten thousand (see tumen
Tumen
Tumen or Tümen was a part of the decimal system used by Turkic and Mongol peoples to organize their armies. Tumen is an army unit of 10,000 soldiers...
), was the currency of Iran
Iran
Iran , officially the Islamic Republic of Iran , is a country in Southern and Western Asia. The name "Iran" has been in use natively since the Sassanian era and came into use internationally in 1935, before which the country was known to the Western world as Persia...
until 1932. It was divided into 10,000 dinar. Between 1798 and 1825, the toman was also subdivided into 8 rial
Iranian rial
The rial is the currency of Iran. It is subdivided into 100 dinar but, because of the very low current value of the rial, no fraction of the rial is used in accounting....
, each of 1250 dinar. In 1825, the qiran was introduced, worth 1000 dinar or one tenth of a toman.
In 1932, the rial
Iranian rial
The rial is the currency of Iran. It is subdivided into 100 dinar but, because of the very low current value of the rial, no fraction of the rial is used in accounting....
replaced the toman at a rate of 1 toman = 10 rials (i.e., 1 rial = 1 qiran). Although the rial is the official currency of Iran, many Iranians employ the term toman in everyday transactions for an amount of 10 rials. In unofficial circumstances, a toman may also refer to either 1,000 tomans or 1,000,000 tomans. The order of the magnitude of the amount would be considered to be apparent from the context.
Coins
Iranian gold coins were denominated in toman, with copper and silver coins denominated in dinar, rial or qiran. Before the introduction of milled coins, denominations were ¼, ½ and 1 toman. Milled gold coins were issued in denominations of , ½, 1, 2, 5 and 10 toman. The last gold toman were issued in 1965, well after the toman had ceased to be an official currency.Banknotes
In 1890, the Imperial Bank of PersiaImperial Bank of Persia
The Imperial Bank of Persia was an Iranian bank. It was established in 1885 with a concession from the government of Persia to Baron Julius De Reuter, under a Royal charter from Queen Victoria....
introduced notes in denominations of 1, 2, 3, 5, 10, 20, 25, 50, 100, 500 and 1000 toman. These notes were issued until 1923. In 1924, a second series was introduced, consisting of 1, 2, 5, 10, 20, 50 and 100 toman notes which were issued until the rial was introduced in 1932. The higher-denomination notes were subject to frequent counterfeiting. Currently, since the worth of the toman has fallen so much the standard bank notes are 1,000; 2,000; 5,000; 10,000; 20,000; 50,000; and 100,000 toman notes.