Iran currency rate for International Passengers
Although the “toman” is no longer an official unit of Iranian currency, Iranians commonly express amounts of money and prices of goods in tomans. For this purpose, one toman equals ten rials. Despite this usage, amounts of money and prices of goods are virtually always written in rials. For example, the sign next to a loaf of bread in a store would state the price in rials, e.g., 10,000 rials, even though the clerk, if asked, would say that the bread costs 1,000 tomans. There is no official symbol for the currency but the Iranian standard ISIRI 820 defined a symbol for use on typewriters (mentioning that it is an invention of the standards committee itself) and the two Iranian standards ISIRI 2900 and ISIRI 3342 define a character code to be used for it.
♥ The Iranian Rial was devalued in July 2013 to half its previous value as the government reduced subsidisation of the exchange rate against the dollar. In December 2016, the Iranian government announced the country’s currency would be changed from the Rial to the commonly used Toman. Such a move requires the approval of the Iranian Parliament. In 2019, Iranian government ministers passed a bill the drop four zeros, as well as revalue one toman to equal one hundred parsehs instead of the previous ten rials.
For all intents and purposes, Iran for the visitor is a purely cash economy. No credit cards. No travellers cheques. Just bring cold, hard cash – preferably in high-denomination euros or US dollars printed since 1996. Apart from some hotels, carpet shops and tour agencies where you can pay in dollars or euros, all transactions are in rials. Where prices are quoted in euros we will do the same. Other major currencies, such as British pounds, Australian or Canadian dollars, Swiss francs and UAE dirhams, can be changed in Tehran and other big cities, if not smaller towns. However, Turkish lira are treated with scorn everywhere except close to the Turkish border; ditto for the Afghan, Azerbaijani, Turkmen and Pakistani currencies.
Whichever currency you choose, the most important thing to remember is to bring as much cash as you’re likely to need, then a bit more. Getting your hands on money once you’re inside Iran is a nightmare.
Although Iran has a functioning network of ATMs (cashpoint machines), they can only be used with locally issued bank cards, so are useless to travellers unless you open a local account.
There are coins for IR1, IR2, IR5, IR10, IR20, IR50, IR100, IR250, IR500, IR1000 and ITR5000. So rare are IR1 coins (no longer minted) that they are considered lucky, despite being utterly worthless. Coins are marked only in Farsi numerals, while notes come in Persian and European numerals. There are notes for IR100 (rare), IR200 (rare), IR500, IR1000 (two varieties), IR2000 (two varieties), IR5000 (two varieties), IR10,000, IR20,000, IR50,000, IR100,000 and IR500,000.
Usually no one cares what state rial notes are in, then out of the blue someone will reject one because it has a tiny tear or is too grubby. On the other hand, foreign currencies will be rejected if they are not clean and without any tears whatsoever.
♠ Black Market
Changing money on the street is illegal and as long as exchange shops are allowed to trade money at market rates it makes little sense to do this. That said, the volatile state of the rial means there will be plenty of people prepared to buy your foreign exchange on the black market.
If you do change money on the street, expect to be treated like a total moron with no idea of current rates. You should demand at least the same rate as you’d get in the exchange shop and expect the changer to take a ‘service fee’. Count the rials carefully (there are often notes missing or folded over), and don’t hand over your bills until you’re sure the count is correct.
♠ Credit Cards
Um, no. Sanctions mean your (Western-issued) credit card will be useless in Iran. The only exceptions are a handful of carpet shops with foreign accounts, but if they can help at all (it’s far from guaranteed) you’ll pay a hefty 10% plus service charge for the privilege. Bring enough cash.
This can, at times, be rather annoying because locals now pay for just about everything, even very small purchases, using their local debit cards. The practice is so widespread that some places are even surprised when you try to pay in cash (and seem flummoxed by the whole concept of giving change). Some ticket machines (eg to use the Metro in Mashhad) don’t even accept cash and will only accept locally issued cards for payment.
♠ Changing Money
The easiest way to change money is at an official money-exchange office, in your hotel, with a taxi driver or in the jewellery section of the bazaar where the whole deal is done in seconds. In most banks it can take considerably longer. There’s an exchange office offering correct (ie non-bank) rates on the departure level of Tehran’s Imam Khomeini International Airport.
At the time of writing banks had been limited to changing money at a fixed rate, called the First Market, which was far lower than the floating market rate to be had at exchange shops. How long these mandated rates last is anybody’s guess.
Although it sometimes seems as if every fourth building is a bank, only a few banks will actually change your money and then usually only US dollars, euros or, less often, British pounds in cash (and only after the day’s rates arrive from Tehran between 9am and 10am). The best bet will always be your town’s central branch (markazi) of Bank Melli (BMI), or the central branches of the other major banks: Bank Mellat, Bank Tejarat, Bank Sepah and Bank Saderat. You need your passport; bank staff will help with the Farsi paperwork.
Exchange shops are reliable and can be found in most cities, usually signed in English and with rate boards in the window. When we went to press their rates were decided on the floating market, officially called the Second Market, which at that time bought you considerably more rials than changing at the bank (First Market) rate. The process is completely paperwork free.
Sanctions have made it practically impossible to transfer money into or out of Iran without the assistance of a worldwide network of shady money dealers.
Tipping is not a big deal in Iran. In upmarket restaurants (mainly in Tehran) a 10% gratuity might be expected – on top of the 10% service charge that’s often built into the bill. But in most other places any money you leave will be a pleasant surprise. It’s normal to offer a small tip to anyone who guides you or opens a building that is normally closed. If your offer is initially refused, persist. There is no culture of baksheesh (alms or tips) in Iran.
To make matters worse, taxi drivers and shopkeepers will often say ‘one’ as shorthand for IR10,000. However, before you consider cancelling your trip on the grounds of commercial confusion, rest assured that after a few days you’ll understand that the five fingers the taxi driver just showed you means IR50,000. And as you start to get a feel for what things cost, you’ll understand that if something sounds too good to be true – or too bad – it probably is.
In the interim, you can always have the price written down, and then to double-check ask whether it’s in rials or tomans – using a calculator is handy, too, as the numbers show in Western rather than Arabic numerals.
And just when you’ve mastered the rial, remember that there are plans to replace it with the toman as Iran’s official currency over the coming years.
♣ Asian Country currenty rate to toman and rial:
iran currency rate to China:
yuan in abbreviation form ( CNY) is chines currency which each Yuan costs 1600 Toman ( 16000 Rial). You can pay for taxi or metro one way ticket with this amount . Actually there is Currency market fluctuations so you should check the price permanently .
you can go to the luxury restaurant and have a yummy meal with 100 Yuan .
chines friends can have a journey in to the wildness of Iran with 6733 Yuan.
iran currency rate to India:
1 rupee costs 58 toman ( 580 Rial ) .
You can buy nothing with 1 rupee but you can buy an ice cream or chocolate or candy with 10 rupee.
Indian Friends can buy a package tour for discover Iranian uniqe desert and enjoy from the sunlights even in winter with 4400 rupee .
iran currency rate to Thailand:
1 Thai Bat is equal to 138 Toman ( 1380 Rial)
you can buy a metro ticket or bus ticket with this cash .
Thai People could camper in desert and riding camels with 4606 Bat.
iran currency rate to Japan:
For Japaneses friends who decided to travel Iran :
1 Yen costs 39 Toman ( 393 Rial ) .
You can book a tour package for visit lut deserts ( The UNESCO nature world heritage in Iran ) with only 196288 Yen .
Fall season is the Best time to stay in kavir ( Iran desert ) .
Attention Please : Because of Dollar rate raising In Iran it is the best time For you to Travel Iran .
You can experience wonderful moments in an ancient and beautiful country with the lowest rate you can imagine.