Did you know these facts about Iranian currency ?

Di d you know these facts about Iranian currency ?

Iranian Currency

Iranian Currency

One of the interesting things that the first time travelers to Iran face, is that Iran has two currencies. The regular currency is Iranian Rials, RLS, and the currency which people use informally is Toman. Each Toman is equal to 10 Rials. Toman is used on a daily basis such as shopping and paying a taxi but Rial which is the printed currency is mostly used in banks. Due to sanctions, the tourists who travel to Iran cannot use their Visa or Master card or to withdraw any cash from ATM. So the travelers must bring only cash for their entire stay.US dollars and Euros are the most preferred in Iran’s banks or the private exchange offices named "Sarrafi".Our travelers from France express their gratitude to Uppersia team especially their tour guide, Mohamad, for providing the last details of a trip to Iran. They strongly believed that “Iran is full of mystery and you should travel to Iran under the guidance of a local agent, who is aware of the smallest changes of the country.”

A small group of French guest are visiting Isfahan

Know More About Iranian currency

The national currency of any country is its general prestige and a common way to do business and trade with other countries’currencies. The most important currencies of Iran were the dinar, shahi, Quran in the form of coins, however, these were converted to bill notes in 1889 and issued and regulated by the Meli Bank of Iran. There are two common currencies in Iran, the Rial and Toman.

What is the difference between Rial and Toman?

One of the interesting things that the first time travelers to Iran face, is that Iran has two currencies. The regular currency is Iranian Rials, RLS, and the currency which people use informally is Toman. Each Toman is equal to 10 Rials. So, 1000 Tomans is equal to 10,000 Rials. Toman is used on a daily basis such as shopping and paying a taxi but Rial which is the printed currency is mostly used in banks. Recently, in December 2016, Iran's government has decided to omit the extra zero and change Iranian currency to Toman, which is more popular among the people. This plan is now under study by the economists and it will probably be approved.

Iranian currency

Iranian currency (Rials) is going to be changed into Tomans.

Rial is the Iranian currency, but in daily life and for simple purchases, people use another currency named Toman. One Toman equals 10 Rials. In malls, grocery stores and other shops the prices on the goods are written in Rials but if you ask the seller, they will tell you the price in Tomans ( a tenth of the number shown on the price tag) that may cause confusion especially for the tourists. “Is this the currency with the extra zero or not?!” is a question usually asked by the tourists in Iran.