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Iran Money
Currency: Iranian Rial (IR) = 100 dinars. Notes are in
denominations of IR10,000, 5000, 2000 and 1000. Coins are in
denominations of IR250, 100, 50, 20, 10 and 5.
Currency exchange: It is advisable to bring hard currency for exchange
purposes.
Credit & debit cards: MasterCard is accepted in some places, but credit
cards should not be relied on as the sole means of payment. Be aware
that if the card was issued in the USA, it may not be usable due to the
US trade embargo. Although some places will accept a Master Card
(subject to an additional 4% charge) we recommend that you use cash
during your visit as it is the most convenient and widely accepted form
of payment.
You can buy Rial at foreign exchange banks and other authorized money
exchangers. At the Tehran international airport , currency exchange
counters are usually open during normal office hours. The exchange rate
fluctuates daily depending on the money market.
Beware of fly-by-night changers in bazaars although they may offer you a
more advantageous rate than the official rate.
In compliance with new currency policies and for the convenience of the
foreigners, hotel and travel tour rates and the price of carpets are
expressed in US dollars. Travellers Cheques: It is not possible
to change travellers cheques.
Currency Restrictions: The import and export of local currency is
limited to IR500,000. Any amount larger than this requires authorisation
from the Central Bank. The import of foreign currency is unlimited,
provided declared on arrival (there is a special form). The export of
foreign currency is limited to the amount declared on arrival. There are
no ATMs.
Exchange rate indicators: The following figures are included as a guide
to the movements of the Iranian Rial against Sterling and the US. |
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