The currency of Iran is the Iranian rial, although in everyday usage Iranians still use the “toman”, equivalent to 10 rial, as a unit of currency for transactions. The rial (from the Spanish word meaning “royal”) replaced the toman as the official unit of currency in 1932 under the Pahlavi dynasty in a hope to Westernise the country. In 2016, the Iranian government considered switching back to the toman, which in Turkish means “ten thousand”.