If you are planning to visit Iran, one of the first things to know is about the Iranian currency that is usually confusing for most tourists.
Rial and Toman. What is the difference?
The official currency in Iran is the Iranian Rial, which you will see on notes, coins, bank bills, documents, official bills, or in any official money exchange. It is useful to know that Iranians almost always use “Toman” in their daily life for their daily payments. Making such a difference can confuse. It is far easier than you think; a Toman is ten times a Rial; For instance, 1000 Tomans is 10,000 Rials. So if you’ve asked to pay one thousand Toman, you should add one zero, and pay by ten-thousand-Rial paper money.
What currency is more common?
Since it is common to see prices of goods written either in Rials or in Tomans, The problem is to be able to find out which of them you have to pay for specific merchandise. The only way is to ask whether it is in Toman or Rial. When you want to pay your taxi fare or buy groceries, it is common to see prices in Toman. But in a big supermarket and chain store, Rial is more popular.
These days Iranians use notes and just a few coins for their payments.
The current Iranian banknotes
Common Banknotes in Iran are 10,000 Rials (1000 Toman), 20,000 Rials (2000 Toman), 50,000 Rials (5000 Toman), 100,000 Rials (10.000 Toman), 500,000 Rials (50.000 Toman), 100.000 Rials (100.000 Toman).
Due to the unfair sanctions in Iran, people do not have access to the international banking system; for that matter, you won’t be able to use your master or visa cards. So you should bring some cash. And exchange stores are quite popular in big cities although, in some hotels, you can pay in euro and dollar.