1/9/2024 0 Comments Irani currency rates![]() Unlike in speech that prices are almost always told in Tomans, where written, they are normally denominated in Rials. So if a taxi driver tells you that the cost of a ride to your destination is 15 Tomans, he means 15,000 Tomans, which further translates to 150,000 Rials, meaning you have to give him a 100,000 and a 50,000 note.Ī display window of a shoe store in Tehran with price tags showing the prices in Tomans. To make matters worse, people usually omit the words ‘thousand’ and ‘million’ when talking about amounts of money or prices in the thousands or millions. For example, if you go to a supermarket to buy a bottle of water and ask how much it is, the seller will tell you that it is 1500 Tomans, meaning that you should pay 15,000 Rials. While the unit used on the Iranian banknotes and coins is Rial, when asking for the price of something you’ll be given the price in Tomans. Originally borrowed from the Mongolian language in the 13 th century A.D., Toman is now an informal unit of money that is equivalent to 10 IRRįor a tourist visiting Iran, this causes a lot of confusion. However, people normally use the unofficial unit ‘Toman’ in everyday transactions. The official currency of Iran is Rial (pronounced “ree-AHL”) with the ISO code IRR. What is the Iranian currency? Toman vs Rial Keep reading for more details about money in Iran, including how to exchange money in Iran, how to bargain, the average prices, and more. Spending money in Iran has other nuances as well. Second, international debit cards such as MasterCard and Visa Card do not work in Iran, making it necessary for foreign travelers to carry the money needed for their expenses in cash.įinally, there are currently three exchange rates in Iran, meaning currencies are exchanged for Iranian money at different rates depending on which exchange rate is used. First, the official unit of currency of Iran is Rial, but people almost always use Toman in everyday life. Spending money in Iran is confusing for a tourist for three main reasons. Tourists need to bring enough cash with them when traveling to Iran. In fact, every traveler needs to do some research about the foreign destination’s money-related stuff, but when it comes to Iran, things get more complicated. If you’ve already made plans to visit Iran or you’re considering a tour of Iran in the future, chances are you have no idea of everything related to money and expenses in this Middle Eastern country. So why should you bring a large sum of hard cash with you to Iran? Find out in this article and read everything else you need to know about costs, currency, exchanging money, and debit cards in Iran. Well, this doesn’t mean Iran is an expensive country to visit quite the contrary, you can make a budget Iranian tour on a shoestring provided that you have a good understanding of money and costs in Iran. But hold on a minute! Have you withdrawn a lot of cash to bring with you? You’ve got your visa, booked your flight, packed your baggage, and voila, you’re ready to go on your long-awaited trip to Iran.
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