The Iranian rial has strengthened against major global currencies, with the US dollar falling 5.86% to 996,000 rials following US President Donald Trump's announcement of direct talks with Iran.

Current denominations of Rial banknotes are: 100 Rials, 200, 500 and 1,000 Rials, as well as the 2,000, 5,000 and 10,000 denominations. Yet, most commercial transactions rely on the larger 20,000 ...

Iran’s rial currency traded Saturday at a record low against the U.S. dollar as the country returned to work after a long holiday, costing over 1 million rials for a single greenback as tensions ...

Iran's Rial Hits a Record Low, Battered by Regional Tensions and an Energy Crisis TEHRAN, Iran (AP) — The Iranian rial on Wednesday fell to its lowest level in history, losing more than 10% of ...