Iran - Money

Currency & Money

Currency information:

Iranian Rial (IRR; symbol Rs) = 100 dinars. Notes are in denominations of Rs 100,000, 50,000, 20,000, 10,000, 5,000, 2,000, 1,000, 500, 200 and 100. Coins are in denominations of Rs 5,000, 2,000, 1,000, 500, 250, 100 and 50.

Credit cards:

MasterCard is accepted in some places, but credit cards should emphatically not be relied on as the sole means of payment. Be aware too that if the card was issued in the USA, it may not be usable due to the US trade embargo.

ATM:

ATMs can be used only by holders of local bank accounts.

Travellers cheques:

It is not possible to exchange travellers' cheques.

Banking hours:

Sat-Wed 0800-1600, Thurs 0800-1230.

Currency restriction:

The import and export of local currency is limited to Rs500,000. Any amount larger requires authorisation from the Central Bank. The import of foreign currency is unlimited, provided declared on arrival. The export of foreign currency is limited to the amount declared on arrival.

Currency exchange:

It is advisable to bring hard currency for exchange purposes.

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