Iran’s unit of currency is Rial (IRR). Almost none of major credit cards can be used in Iran but after sanction removal we hope that this restriction will not exists. But you can use your credit cards in currency exchange offices.
There is restriction on the amount of foreign currency in cash that can be brought in or taken out of Iran However, every person who carries more than US$5,000 in cash in or out of Iran is required to complete a Border Cash Report.
Foreign currency can easily be exchanged at banks, some hotels and currency exchange offices, which are found at international airports and most city centers.
Exchange Rates in Iran
You can calculate the value of your currency in Rial (IRR) using Google Finance Currency Converter. The rate you are offered in your home country is likely to differ slightly.
We have currency exchange shops in city centers but you may not be able to find them on every corner. Shops may exchange for you but it’s safer and cheaper to have Iranian Rials with you. So please be aware of this fact, especially if you’re going to spend time in the country side.
Not all currencies can be exchanged with reasonable prices in Iran. Try to travel with international currencies. If not you may be forced for exchange on unreasonable exchange rates. American dollar, European Euro, English pond, Canada dollar, Australia dollar, Swiss Franc, Turkish lir, Saudi Rial, Chinese Yuan, Emirates Derham, Japanese Yen are among currencies you can exchange easily, but small exchange shops may only exchange limited currencies. American dollar and European Euro can be exchanges everywhere.
Banking in Iran
Iran banks are open from 8.00am to 4.00pm Saturday to Thursday. Some are also during weekends.
Automated Teller Machines (ATM) are widely available at banks, along main shopping streets and in malls, in order to use them you need to refer to one of Iranian Banks in order to get an Iranian credit card.
International credit cards and ATM cards will not work. Check with your bank before leaving home. It’s also very important for you to be completely aware that Iran has no connection financially to other countries. Transactions are possible, but it is very expensive to send or receive money in Iran currently, in case of emergency it is always possible. But you should bring all the money you will need throughout your trip with you. Credit cards do not work in Iran; you cannot purchase anything with your credit card. So please try to calculate correctly, so you can have a relaxed trip.
How Much Will it Cost Common Items in Iran?
Here is a general guide of what you can expect to pay in Iran for a few common items.
A hotel breakfast: USD $4
Dinner: USD $3-$10 per main meal
Lunch snack/sandwich: USD $3-$6
Cafe lunch: USD $3-$10
Cappuccino: USD $2-$4
Tipping and Service Charges in Iran
Tipping in Iran is not obligatory – even in restaurants and bars. However, tipping for good service or kindness is at the discretion of the visitor. Hotels and restaurants in Iran do not add service charges to their bills.
Goods and Services Tax in Iran
All goods and services are subject to a 9 percent Goods and Services Tax (GST) included in the displayed price. Visitors cannot claim this tax back; however when a supplier ships a major purchase to a visitor’s home address the GST will not be charged.