The qiran also qerun or kran, was a currency of Iran

Iran

Iran , officially the Islamic Republic of Iran , is a country in Southern and Western Asia. The name "Iran" has been in use natively since the Sassanian era and came into use internationally in 1935, before which the country was known to the Western world as Persia...

 between 1825 and 1932. It was subdivided into 20 shahi or 100 dinar and was worth one tenth of a toman

Iranian toman

The toman , is a superunit of the official currency of Iran, the rial. Toman, derived from a Mongolian word meaning ten thousand , was the currency of Iran until 1932. It was divided into 10,000 dinar. Between 1798 and 1825, the toman was also subdivided into 8 rial, each of 1250 dinar...

. The rial

Iranian rial

The rial is the currency of Iran. It is subdivided into 100 dinar but, because of the very low current value of the rial, no fraction of the rial is used in accounting....

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

Dinar

The dinar is the official currency of several countries.The history of the dinar dates to the gold dinar, an early Islamic coin corresponding to the Byzantine denarius auri...

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

Value

From 1874 to 1895 the value of qiran depreciated by half, from 1 qiran equal to 9.6 pence (d) to 4.8 d, which then kept that value for the next few years. In 1930, the exchange rate with the British pound was pegged at 1 pound = 59.75 qiran.

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.

External links

• Iran Collection, a website about Persian banknotes and coins since Qajar era.