14/09/2020: Centenary of the Quetzal
The Guatemalan Quetzal celebrated its centenary, marking 100 years as the national currency of Guatemala.
23/02/2020: COVID-19 Pandemic's Impact on the Iranian Rial
The COVID-19 pandemic, along with economic challenges, caused further depreciation of the Iranian Rial (IRR) against major currencies.
10/04/2018: Revaluation of the Iranian Rial
Iran's government announced a new currency exchange rate, devaluing the Iranian Rial (IRR) against foreign currencies.
24/09/2012: Imposition of International Sanctions on Iran
International sanctions were imposed on Iran, leading to a significant decline in the value of the Iranian Rial (IRR).
30/05/2011: New banknotes
New banknotes were introduced to incorporate modern security features and commemorate the 20th anniversary of Quetzal's reintroduction.
24/05/1989: Introduction of the Two-Tier Exchange Rate System
Iran implemented a two-tier exchange rate system, with different rates for essential goods and non-essential imports.
09/02/1987: Quetzal devaluation
The Quetzal was devalued by 66% as part of an economic stabilization plan.
26/10/1975: Floating of the Iranian Rial
The Iranian Rial (IRR) was allowed to float against foreign currencies, marking the end of the fixed exchange rate system.
13/09/1967: Decree Law 17-67
Decree Law 17-67 was enacted, establishing a fixed exchange rate between the Quetzal and the US dollar.
01/09/1957: Decimalization of the Iranian Rial
The Iranian Rial (IRR) was decimalized, dividing one Toman into 10 Rials to simplify the currency system.
08/04/1951: Monetary Reform
Guatemala underwent a monetary reform, with the introduction of the Quetzal as the sole currency.
25/06/1946: The Quetzalé bill
The Quetzalé bill, equivalent to 1,000 Quetzales, was introduced to combat hyperinflation.
01/04/1932: Introduction of the Iranian Rial
The Iranian Rial (IRR) was introduced as the official currency of Iran after replacing the Qiran.
22/06/1925: Introduction of the Quetzal
The Guatemalan Quetzal was introduced as the official currency, replacing the Guatemalan peso.