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Theqiran (Persian:قران; alsoRomanizedkran) was a currency ofIran between 1825 and 1932. It was subdivided into 20shahi or 1000dinar and was worth one tenth of atoman. Therial replaced the qiran at par in 1932, although it was divided into one hundred (new)dinars. Despite the qiran no longer being an official denomination, the term still enjoys wide usage among Iranians.
From 1874 to 1895, the value of the qiran depreciated by half relative tosterling, from 1 qiran equal to 9.6d. (25 qirans for £1 stg) to 4.8d. (50 qirans for £1 stg), which then kept that value for the next few years.[1]
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.
Until 1876, silver coins were minted in denominations of1⁄8,1⁄4,1⁄2 and 1 qiran. A milled coinage was introduced in 1876, with denominations of 12, 25, 50, 100 and 200 dinar,1⁄4,1⁄2, 1, 2 and 5 qiran. Gold coins and banknotes were denominated in toman.
| Preceded by: Iranian toman Reason: removed from Iranian currency byThe King Ratio: 10 qiran = 1 toman | Currency ofIran 1825 – 1932 | Succeeded by: Iranian Rial Reason: modern economy Ratio: at par |
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