Rial: meaning, definitions and examples
๐ฐ
rial
[ riหหษหl ]
currency unit
The rial is the official currency of several countries, including Iran and Oman. It is subdivided into smaller units, reflecting the monetary system in these regions. The rial has faced fluctuations in value due to various economic factors.
Examples of usage
- I need to exchange my dollars for rials when I travel to Iran.
- The price of the item is set at 100 rials.
- During the crisis, the value of the rial decreased significantly.
Translations
Translations of the word "rial" in other languages:
๐ต๐น rial
๐ฎ๐ณ เคฐเคฟเคฏเคพเคฒ
๐ฉ๐ช Rial
๐ฎ๐ฉ rial
๐บ๐ฆ ััะฐะป
๐ต๐ฑ rial
๐ฏ๐ต ใชใขใซ
๐ซ๐ท rial
๐ช๐ธ rial
๐น๐ท rial
๐ฐ๐ท ๋ฆฌ์
๐ธ๐ฆ ุฑูุงู
๐จ๐ฟ rial
๐ธ๐ฐ rial
๐จ๐ณ ้ไบๅฐ
๐ธ๐ฎ rial
๐ฎ๐ธ rial
๐ฐ๐ฟ ัะธะฐะป
๐ฌ๐ช แ แแแ
๐ฆ๐ฟ rial
๐ฒ๐ฝ rial
Etymology
The term 'rial' has its origins in the Spanish 'real', which means 'royal'. The Spanish real was a widely used currency in the Spanish Empire and was the basis for many other currencies, including the Mexican peso and the rial used in modern-day countries. The introduction of the rial as a currency unit began in the 19th century, predominantly influenced by the economic practices of the Middle East. Iran adopted the rial in 1932, replacing the qiran, while Oman introduced it in 1970 to replace the Indian rupee. Over the years, the rial has evolved, facing various challenges including hyperinflation in Iran, which significantly affected its exchange rate and purchasing power.