The official currency of Iran is the rial. You can find its exchange rate
here.
The official rate differs significantly from the real exchange rate. Don’t rely on the official rate. The website provided shows the real, unofficial exchange rate.
This is the rate used by street exchangers. Exchange offices and hotels offer a worse rate, and banks give an even worse one. Even if you decide to exchange money at a worse rate in an exchange office, it might not be possible because often they do not have cash available. You’ll give them euros, and they’ll offer to transfer it to your card. However, your card won’t work for them; you need a local card. In short, the best option is to find illegal exchangers. You’ll recognize them by the stacks of banknotes they hold in their hands.
Hotel reception, taxi drivers, and market vendors can guide you to where to find them. By the way, in the market, they’ll also accept euros for your purchases.
A few places for currency exchange in major cities:
Tehran- One or two exchangers may approach you when you leave Imam Khomeini Airport, where you’re likely to arrive. Their rate might be worse than in the city, but at least you’ll have enough money for a taxi and breakfast. Later, you can exchange more.
- On Ferdosi Street, near the Treasury (Central Bank), at the intersection with Jomhouri Avenue. Many banks, exchange offices, and embassies are nearby.
- At the central entrance of the Grand Bazaar. About 50 exchangers gather there.
IsfahanOn Sepah Street, between Shah Square and the Natural History Museum with dinosaurs, at the intersection of Sepah, Ostandari, and Hakim Streets.
ShirazAt the intersection of Saadi Street and Karim Khan Zand Boulevard.
Exchangers can sometimes be dishonestly primitive, trying to give you slightly less money than you should get. For example, by keeping one or a few bills for themselves. When you count the money and notice the shortage, they’ll explain that it’s a commission for the exchange. Show with gestures that you’re not interested in their excuses and that you expect the money you’re owed. It’s better for women to bring a man along when going to exchangers.
Western cards will only work in very expensive hotels and carpet shops. These establishments have accounts in foreign banks, like the UAE, and use POS machines from those countries to process your card payments.
PricesLunch in a restaurant costs 5-15€, and a night with breakfast costs 20€ (poor hotel for locals or a hostel), 50€ (clean, inexpensive 2-3 star hotel), 80€ (better 3-4 star hotels). Breakfast in a café costs 2€.
TumansIt’s very important to know that although the official currency is the rial, prices will always be quoted (and written) in tumans. One toman is equal to 10 or often even 10,000 rials. You need to figure this out for yourself. It’s not a different currency. In Lithuanian, we would simply call this a decimal. Instead of saying 10€, we would say "one tenth". Over the years, due to inflation, "tuman" has come to refer to ten thousand rials.
In the image below, you can see prices listed as 12,000, 13,000, 15,000, etc. These prices are almost always in tumans. So, if the tuman exchange rate is 5 tumans per euro, the prices will be 2.4€, 2.6€, 3€, etc.
If you ask how much something costs, they’ll say "12", "13", or "15". If they see that you don’t understand, they’ll clarify: "12 thousand tumans" (i.e., 120,000 rials).
So, when traveling to Iran, you’ll need to quickly convert not just rials but also tumans and thousands of tumans.
As you can see, you’ll also need to learn Arabic numerals. You can read more about them in the language section.
Prices written in rials are only found in government locations—museums, ferries, trains, etc.