Investopedia

Continue to Site »

IRR

Filed Under » , ,
Dictionary Says

Definition of 'IRR'

The currency abbreviation or currency symbol for the Iranian Rial is U+FDFC, the currency for Iran. The rial is made up of 100 dinar but actually has no official symbol. U+FDFC is the standard keyboard position denoting the currency, which is also quoted in a superunit of 10 known as the toman.
Investopedia Says

Investopedia explains 'IRR'

The rial was first seen in 1798 in coin form but was replaced by the quiran in 1825. It was instituted again in 1932, and for decades the highest value note printed was the 10,000 rial bill. 20,000 rial bills began circulation in 2003, followed by 50,000 rial bills in 2007.

Articles Of Interest

  1.

    The Greatest Currency Trades Ever Made

    These speculators took big positions - and scored huge profits - in the currency market.

  2. The New World Of Emerging Market Currencies

    Take advantage of foreign currency markets without stepping out of your house.

  3. What Causes A Currency Crisis?

    Find out what can cause a currency to collapse and what central banks can do to help.

  4. The Yen Is Setting Up To Be An Attractive Long-Term Investment

    As Japan embarks on quantitative easing, the yen has come under pressure. Will it continue to be the source of big profits in the latter half of 2013?

  5. 3 Costly Spelling Errors

    History has proved that some spelling errors can cost companies and governments millions of dollars.

  6. The Most Counterfeit-Proof Currencies

    The IACA awards provide some of the best insight into the currencies that are proving the most difficult to fake.

  7. Possible Effects Of An Iran Embargo

    Because of Europe's dependence on Middle East oil, an embargo is likely to not lead to any changes.

  8. An Introduction To Complementary Currencies

    There are alternatives to national currencies. Discover complementary currencies and how they work.

  9. 10 Countries With The Cheapest Gas At The Pump

    Does your wallet whimper when you stop to put gas in your car? It turns out that your pain is not felt everywhere.

  10. Top 5 Oil-Producing Countries In 2011

    The recent spike in the price of oil has once again drawn our attention to the importance of a ready supply of oil to our modern economy.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

  2. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  3. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.

  4. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.

  5. Angelina Jolie Stock Index

    An index made up of a selection of stocks from companies associated with actress Angela Jolie.

  6. Consequential Loss

    The amount of loss incurred as a result of being unable to use business property or equipment.
Trading Center