Iran Currency

Iran’s Currency is Rial and it is in the form of debit cards, banknotes, and coins.

 

Note 1: We have debit cards in Iran, but not credit cards.

Note 2: Because of the many International financial sanctions against Iran, you cannot use the usual Visa Card, Master Card, or other international credit cards. Have Cash on you!

According to the country’s monetary and banking law, the privilege of issuing the country’s currency has been assigned exclusively to the Central Bank of the Islamic Republic of Iran.

Rial is the official currency of Iran, but with the passage of time and a decrease in value, most people use the unofficial unit of Toman (equal to 10 Rials) to count money. According to the ISO 4217 Rial standard, the Iranian Rial is indicated by the abbreviation IRR in global transactions.

Today, the Toman is the unofficial currency of Iran or the semi-official currency of Iran, and the official Rial is not used in public conversation. Rial is mostly used in formal accounting and banks. Even among the Iranian media and state officials, the use of toman is more common.

Note 3: It depends on the owner, but many stores, taxis, and hotels accept Dollars or Euros.

Note 4: Always exchange your money at an official certificated Currency Exchange.