SAEDNEWS: In the early 19th century, two British pounds equaled one Iranian toman. At the time, this was also worth 12.5 French francs, 10 Indian rupees, or $2.50 in the U.S.
According to Saed News, in the first half of the 19th century, during the reigns of Fath-Ali Shah Qajar and Mohammad Shah Qajar, two British pounds were equivalent to one Iranian toman. At that time, one pound equaled 25 French francs and 10 Indian rupees, meaning one Iranian toman was worth 12.5 French francs. Simultaneously, one toman equaled 2.50 U.S. dollars.
By the late 19th and early 20th centuries, up to the First World War, one British pound was approximately equal to 5 U.S. dollars.
During the reign of Mozaffar ad-Din Shah Qajar, the value of the U.S. dollar and the Iranian toman were roughly equal. At the time of Reza Shah’s fall and the entry of Allied forces into Iran (1941), the exchange rate of the U.S. dollar was about 1.5 tomans, meaning one dollar could be purchased for 15 rials.
During the 28-month term of Mohammad Mosaddegh, the national currency lost significant value. By the end of his government, one U.S. dollar was equivalent to 90 rials, and one British pound equaled 23 tomans.
By the end of Mohammad Reza Pahlavi’s reign, during the historical peak of crude oil exports, one U.S. dollar was worth approximately 7 tomans, and one British pound was roughly 10 tomans.
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