Although IIV superficially looks like a Roman numeral, it isn't. It means nothing in terms of Roman numerals. You could interpret it as the number 3 since V is 5, and the II is two and if you place a smaller number to the left of a larger number it means subtraction, however, that is not the way you write 3 in Roman numerals, since it is much simpler to write it as III.
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"IIV" is not a valid representation in Roman numerals. In Roman numerals, the correct representation of the number 7 is "VII," which is a combination of the symbols for 5 (V) and 2 (II). The subtractive principle in Roman numerals dictates that a smaller numeral before a larger one indicates subtraction, not addition.
It has the same value as: III = 3
988 = CMLXXXVIII in Roman numerals
it means 1,150 in roman numerals
Those Roman Numerals mean 1991.