Convert New Taiwan Dollar to Iranian Rial
Please provide values below to convert New Taiwan Dollar [TWD] to Iranian Rial [IRR], or Convert Iranian Rial to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Iranian Rial
1 TWD = 0.000691955767604724 IRR
Example: convert 15 TWD to IRR:
15 TWD = 15 × 0.000691955767604724 IRR = 0.0103793365140709 IRR
New Taiwan Dollar to Iranian Rial Conversion Table
| New Taiwan Dollar | Iranian Rial |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.