The qiran (; also

Romanized Romanization or romanisation, in linguistics, 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 ...

''kran'') was a currency of

Iran Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkmeni ...

between 1825 and 1932. It was subdivided into 20 ''shahi'' or 1000 ''dinar'' and was worth one tenth of a toman. The

rial Rial, riyal, or RIAL may refer to: * Rial (surname), a surname (and list of people with the name) * Royal Institution for the Advancement of Learning, McGill University * Rial Racing, a former German Formula One team Various currencies named rial ...

replaced the kran at par in 1932, although it was divided into one hundred (new)

dinar The dinar () is the principal currency unit in several countries near the Mediterranean Sea, and its historical use is even more widespread. The modern dinar's historical antecedents are the gold dinar and the silver dirham, the main coin of ...

s. The kran is no longer an official denomination but the term still enjoys wide usage among Iranians.

Value

From 1874 to 1895, the value of the kran depreciated by half relative to sterling, from 1 qiran equal to 9.6 d. to 4.8d. (50 krans for £1 stg), which then kept that value for the next few years.Britannic

/ref> In 1930, it was pegged to sterling at 59.75 krans = £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 ⅛, ¼, ½ and 1 qiran. A milled coinage was introduced in 1876, with denominations of 12, 25, 50, 100 and 200 dinar, ¼, ½, 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 1825 establishments in Iran 1932 disestablishments {{Iran-stub