Iranian rial

High school (ages 12+)
People & Society

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Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/iranian-rial

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the official currency of?The Islamic Republic of Iran
2. What is the ISO 4217 code?IRR
3. How does the Iranian Rial help people buy things in Iran?When people want to buy food, clothes, or pay for services, they use Rial bills and coins. The Rial lets them trade goods and services in the country.
4. Why are dinars not used much in Iran today?The Rial is divided into 100 smaller units called dinars, but they are almost not used because the Rial has become very weak. So most people just use the Rial itself for everyday purchases.

Medium of Exchange: An intermediary good or service used in trade to avoid the complexities of barter.
Hyperinflation: Extremely rapid or out-of-control inflation, causing money to lose value very quickly.
Unicode Standard: A universal standard for encoding, representing, and handling text expressed in most of the world's writing systems.