Rial is the Word of the Week: How Iran’s currency has plunged the country into turmoil

Key Highlights

• Words do not fade.
• What starts out as a sound, ends in a deed.”This famous adage highlights the importance that word wordplay in our daily life.
• In fact, we are often told that words have the power to leave a huge impact and create a lasting memory — either good or bad. Realising this, we, at Firstpost Explainers, have begun a new series titled ‘Word of the Week’.
• Every Sunday, as you sit back and unwind, we shall come up with a word choice that has dominated the week’s headlines, and explain everything you want to know about it. STORY CONTINUES BELOW THIS ADFor this week, we choose the Iranian rial — Iran’s currency — which is in doldrums as our Word of the Week.
• Here’s why. Origins of rialBefore we deep dive into why we picked the Iranian rial as our word of the week, here’s a bit of background. The history of the Iranian rial dates back to 1798 when it was first introduced as a silver coin during the reign of the Qajar dynasty.