Below, you'll find Iranian Rial rates and a currency converter. Sat-Wed: 09:30-17:30 As for the question, how to take money to Iran, you can simply take banknotes and bills with you and exchange them to Iran currency at one of the bank branches or currency exchange centers at the airport or in the city. In 1945, the rial was pegged to the U.S. dollar at 1 dollar = 32.25 rials. Bringing paper money from your country of origin when you travel Iran is your best option. The Omani rial, issued by the Central Bank of Oman, was adopted as the country’s monetary unit in 1972; it is subdivided into 1,000 baiza. Countries that use the Iranian Rial The Iranian Rial is an official national currency and used only in Iran. Easygo Iran was founded as the Incoming Tours Department at “Million Destination” Travel Agency in 2016. The Central Bank of Yemen has exclusive authority for issuing the Yemeni rial, which equals 100 fils. Iran, a mountainous, arid, and ethnically diverse country of southwestern Asia. Many hotels provide currency exchange services as well but it is best to avoid these, because the exchange fee they charge is usually more than others. The Iranian rial is the official currency in Iran and is abbreviated as IRR. You should consult your Iran travel guide about the matter to avoid any unnecessary complications. Toman is one tenth of Rial, for example, 2,000 Tomans is 20,000 Rials. Your Iran travel guide will instruct you on how to take money out of Iran if you are on business travel to Iran . A simple cup of coffee in Iran costs 80,000 Rial, whereas a Toyota Corolla costs approximately 1.2 billion Rial. Iran has the unique two-letter country code, IR (also Internet top-level domain), its three-letter country code is IRN, and its three-digit country code is 364. UTC (standard time) in Iran is UTC+03:30 and UTC+04:30 in summer. Iranian Rial Exchange Rates. Much of Iran consists of a central desert plateau, which is ringed on all sides by lofty mountain ranges that afford access to the interior through high passes. Also, the Iranian Customs Office has imposed a $5000 limit on the amount of cash you can take with you out of the country. Thu: 09:30-13:30 The Iranian rial fell to a new low against the dollar on Thursday as the country’s economy continues to suffer from the coronavirus pandemic and US sanctions, data showed. Country: Iran Code: IRR Symbol: ریال The rial is the official currency of the Islamic Republic of Iran. The rial is also the currency unit of Oman and Yemen. NSE Gainer-Large Cap . Iran’s currency on Saturday, June 20, 2020 has dropped to its lowest value ever at 190,000 rial for each dollar amid severe U.S. sanctions against the country. The peg to USD was dropped in 1975. The clerical system that runs Iran may worry that popular anger against the economy could turn into anger against the Ayatollahs or their regime. The falling Iranian national currency on October 1 reached the milestone of 300,000 rials to the dollar, a ten-fold fall in the three years since Trump indicated that he would withdraw from the nuclear agreement and impose sanctions on Iran. The rial is subdivided into 100 dinar, but the dinar exists only for accounting purposes and electronic transactions. Iran’s currency on Saturday, June 20, 2020 has dropped to its lowest value ever at 190,000 rial for each dollar amid severe U.S. sanctions against the country. Right after having your Iran visa checked at the airport, you can use one of the many currency exchange centers or bank branches to buy Iranian Rial. The rial is the currency of Iran although Iranians commonly express the prices of goods in tomans. Bajaj Auto 4,089.50 386.2. Changing money in Iran can be easily done in one of the many bank branches and currency exchange centers found in all cities and airports. The calling code for Iran is +98. The rial was introduced as Iran’s monetary unit in 1932. USDIRR is at 90-DAY LOWS. You can experiment a comfortable trip to Iran by having online booking for your Iran Tour Package, Iran Visa, Hotel, Transportation and even your Iran Travel guide. IRR: The internal rate of return (IRR) represents the interest rate in which the net present value (NPV) of a project's expected total cash flows, both positive and negative, sum to zero. Nifty 14,371.90-218.45. UTC+03:30, For urgent queries, Please contact with emergency number on your voucher. Ten-thousand-rial banknote from Iran (reverse). On Monday the MEX opened with a dollar selling price of 22,200 rials. In a Nutshell: Bonbast has reported the foreign exchange value of Iran’s rial currency since 2012, based on data obtained from a network of currency dealers in Iran and neighboring countries. Your best option is to take a fixed amount of paper money according to your travel plans to the country and spend that amount before leaving. Iran's parliament approved a bill on Monday to change the national currency to the Toman, following a sharp drop in the value of the Iranian rial as a result of crippling US sanctions on the country. Please refer to the appropriate style manual or other sources if you have any questions. Cutting 4 Zeros From the Rial. The Iranian currency Rial is one of the lowest currency in the world. Political instability in Iran has creeped into a full blown economic crisis. Banknotes are denominated in values from 100 to 20,000 rials. IRR Iranian Rial Country Iran Region Middle East Sub-Unit 1 IRR = 100 dinar Symbol ﷼ The rial is the currency of Iran although Iranians commonly express the prices of goods in tomans. Learning Farsi might be useful here, but it is not mandatory, because when you go Iran, an Iran travel guide will be available to help you through the process and help you learn Farsi numbers to handle Iran currency if necessary. 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