How to Exchange Money in Iran as a Tourist (2025 Guide)
Understanding Iran’s Currency:
Planning a trip to Iran? One of the most important things to know before landing is how to handle your money once you arrive. Unlike many countries where you can simply swipe your card or withdraw from an ATM, Iran has a unique financial system due to international sanctions. This means foreign bank cards (Visa, MasterCard, etc.) do not work, and cash is king.
Understanding how to exchange your money—what rate to expect, where to go, and what to avoid—can save you from confusion, bad deals, or even scams. This 2025 guide will walk you through everything a tourist needs to know about money exchange in Iran.
What Currency is Used in Iran?
The official currency in Iran is the Iranian Rial (IRR), abbreviated with the symbol “IRR” or sometimes “ریال” in Persian. However, you’ll often hear locals refer to prices in Toman, which can be confusing for first-time visitors. Here’s a quick breakdown:
- Rial vs. Toman: The Toman is not a separate currency but a colloquial unit used to simplify transactions. 1 Toman equals 10 Rials. For example, if a shopkeeper says an item costs 50,000 Tomans, it means 500,000 Rials. This naming convention stems from historical usage and is now standard in everyday conversations.
- Nominal vs. Practical Use: On banknotes and official documents, prices are listed in Rials. However, in markets, restaurants, and casual settings, prices are almost always quoted in Tomans. As a tourist, always clarify whether a price is in Rials or Tomans to avoid overpaying. A simple tip: if the amount seems unusually high, it’s likely in Rials; if it’s lower, it’s probably in Tomans.
- Why It Matters: Misunderstanding the Rial-Toman difference can lead to confusion or minor financial mishaps. For instance, paying 500,000 Rials when the price was 50,000 Tomans is a common mistake for newcomers. Always double-check with locals or use a currency converter app to stay on track.
💡 Important Tip for Tourists: When someone tells you a price, always ask:
“Is that in Tomans or Rials?”
In 90% of cases, it’s in Tomans, but it’s better to confirm—especially when exchanging money or making larger purchases.
Types of Exchange Rates in Iran
If you’ve looked up Iran’s currency online, you may have noticed something strange: two very different exchange rates. One is much lower (the official government rate), and the other is what most people—especially tourists—actually use: the free market rate. Let’s break them down
1. Official Exchange Rate (Government Rate)
The official rate is set by the Central Bank of Iran and is used for specific purposes such as importing essential goods or official business transactions.
As of early 2025, this rate is around 730,000 IRR | 73,000 Toman = 1 USD (subject to change).
⚠️ Important: If you try to exchange money at a bank in Iran, you will likely be offered this much lower rate, which is not beneficial for you.
2. Free Market (Street) Rate: beneficial for Tourist
This is the real exchange rate used in Iran’s open currency market and by exchange shops (Sarafi).
As of 2025, this rate is closer to 830,000 IRR | 83,000 Toman = 1 USD , which means you get significantly more Rials for your money compared to the official rate.
This rate changes daily based on market demand. Always check updated rates before exchanging, using trusted sources like:
To stay informed about the best and most up-to-date currency exchange rates in Iran
3. How to Check the Real-Time Exchange Rate
- Online platforms (TGJU)
- Exchange shop digital boards
- Ask locals or your hotel receptionist (many are helpful)
| Source | Rate (IRR per USD) | Equivalent in Tomans |
|---|---|---|
| Official (bank) | 42,000 | 4,200 Tomans |
| Market (Sarafi) | 550,000 | 55,000 Tomans |
As you can see, exchanging $100 at the market rate gives you about 55 times more than at the official rate!
Understanding Currency in Iran
Crypto in Iran: The Easiest Way to Travel Without Cash
In recent years, Iran has seen growing acceptance of cryptocurrencies in certain areas—especially in tech-savvy cities and among younger merchants. If you’re familiar with using digital assets like Bitcoin, Tether (USDT), or Ethereum, this might be one of the smartest ways to avoid carrying large amounts of physical cash.
You can find unofficial local exchangers, private dealers, or even some tourist-friendly shops that will accept crypto in exchange for goods or convert it into Iranian rials or U.S. dollars. While not formally regulated or legal in every context, the practical use of crypto has become a discreet yet convenient option for many travelers.
Advantages of using crypto in Iran:
- Avoid high cash exchange fees or poor street rates
- More privacy and safety during transactions
- Convenient in emergencies where physical currency is limited
⚠️ Note: This method is best for travelers already familiar with wallets, peer-to-peer exchanges, and safe crypto practices. If used wisely, crypto can be your best alternative to traditional banking in Iran.
Where Can You Exchange Money in Iran?
Now that you understand the difference between exchange rates in Iran, the next big question is: Where should you go to exchange your money safely and at the best rate?
Example :
Here are your main options as a tourist:
1. Licensed Exchange Offices (Sarafi) ✅
The best and safest place to exchange foreign currency in Iran is at an officially licensed exchange office, known locally as a Sarafi.
- Located in major cities like Tehran, Isfahan, Shiraz, Mashhad, and Tabriz
- Usually found in business districts, near bazaars, or in shopping centers
- Display digital boards with real-time buying and selling rates
- Offer rates close to the free-market rate
- Provide official receipts and are highly trusted
💡 Pro tip: Look for Sarafi offices recommended by locals or listed on platforms like Google Maps. Avoid places without clear signs, rates, or credentials.
2. Airport Exchange Counters ⚠️
When you arrive at Tehran Imam Khomeini Airport (IKA) or other international airports, you’ll see currency exchange kiosks.
- Convenient, especially if you arrive late or need cash for transport
- Offer lower exchange rates than city Sarafis
- Usually don’t accept damaged bills
🔸 Recommendation: Exchange only a small amount (e.g., $50) at the airport to cover your taxi or SIM card, then exchange more in the city for a better rate.
3. Hotels and Tourist Spots ⚠️
Some hotels or tourist-oriented businesses may offer to exchange money for you, but be cautious:
- Rates may be far below market value
- No official receipt
- Potential for misunderstandings over Rials vs. Tomans
🔸 Use only as a last resort, and always ask for the current rate before exchanging.
4. Banks in Iran ❌
It might seem logical to go to a bank to exchange currency—but in Iran, that’s not a good idea.
- Banks use the official exchange rate, which is very unfavorable
- You may also face language barriers, paperwork, and delays
- Many banks do not handle tourist currency exchange at all
5.Popular Exchange Locations in Tehran, Isfahan, and Shiraz
Iran’s major tourist cities—Tehran, Isfahan, and Shiraz—have plenty of reliable exchange options. Below are some popular locations to exchange money, ensuring you get the free market rate in safe, tourist-friendly areas:
- Tehran:
- Ferdowsi Square: The epicenter of currency exchange in Iran, packed with authorized Sarrafi offices. Rates here are among the most competitive, and shops are open late (until 7-8 PM). Example: Mahyar Exchange is a well-known Sarrafi with a good reputation.
- Valiasr Street: Several exchange shops are scattered along this major street, convenient for tourists staying in central Tehran.
- Imam Khomeini International Airport: Exchange counters are available but offer less favorable rates. Exchange only a small amount (e.g., 50 USD) for initial expenses and head to Ferdowsi Square for better rates.
- Isfahan:
- Naqsh-e Jahan Square Area: Near this UNESCO World Heritage site, you’ll find Sarrafi offices catering to tourists. Rates are slightly lower than Tehran but still competitive.
- Chahar Bagh Avenue: A busy street with several authorized exchange shops, ideal for quick transactions while exploring Isfahan’s attractions.
- Shiraz:
- Zand Boulevard: A central location with multiple Sarrafi offices, popular among tourists visiting Persepolis or the Pink Mosque.
- Vakil Bazaar Area: Exchange shops near this historic bazaar offer convenience for tourists shopping or sightseeing.
- Practical Tips:
- Always ask locals or your hotel for recommendations on nearby Sarrafi offices.
- Avoid exchanging large sums in smaller towns, as rates may be less favorable, and options are limited.
- Use Google Maps or ask for “Sarrafi” to locate offices, but verify they’re licensed before exchanging.
So, What’s the Best Option?
| Location | Rate Quality | Trust Level | Best For |
|---|---|---|---|
| Sarafi Office | ✅ Best | ✅ High | Main exchanges in cities |
| Airport Counter | ⚠️ Fair | ✅ Medium | Initial cash on arrival |
| Hotel / Shops | ❌ Poor | ⚠️ Low | Emergency use only |
| Bank | ❌ Worst | ✅ High | Not recommended |
Can Tourists Use ATMs, Credit Cards, or Digital Payments in Iran?
If you’re used to paying by card or withdrawing cash from an ATM, Iran might come as a surprise. Due to international banking sanctions, foreign credit and debit cards do not work in Iran. That includes Visa, MasterCard, American Express, and even Apple Pay or Google Pay.
Let’s explore your options—and your limitations.
1. Can Tourists Use ATMs in Iran? ❌
No. ATMs in Iran are connected only to domestic banks, and they do not accept foreign cards.
- If you insert your foreign Visa or Mastercard, it won’t be recognized.
- You won’t be able to withdraw any cash using your card.
This is why you must bring enough cash (usually USD or EUR) for your entire stay.
2. Can You Pay with Credit or Debit Cards in Iran? ❌
Unfortunately, no. Iranian merchants do not accept:
- Visa
- Mastercard
- Maestro
- Discover
- Amex
- UnionPay
- Digital wallets (Apple Pay, Google Pay, etc.)
All transactions are done via cash or Iranian debit cards (which tourists cannot get directly).
3. Are Digital Payments (Like Apple Pay or PayPal) Available in Iran? ❌
- No, international digital payments are blocked.
- You can’t use PayPal, Venmo, Revolut, or crypto wallets for shopping or payments in Iran.
4. What Are the Solutions for Tourists? ✅
Despite these limitations, here’s what you can do:
✅ Bring Enough Cash (Preferably USD or EUR)
- Bring new, clean, high-denomination bills
- $100 or €100 notes get the best exchange rate
- Avoid torn or written-on bills (many exchange offices reject them)
✅ Consider Getting a Tourist Card
Some Iranian companies now offer prepaid Tourist Debit Cards that allow you to:
- Deposit your foreign currency upon arrival
- Use the card like a local debit card in shops, restaurants, or ATMs
Popular services:
- MahCard
- DaricPay
These cards are not official bank cards but work with Iran’s domestic payment network and make life much easier for tourists.
📝 Note: Tourist cards usually require:
- Passport copy
- Hotel address
- A service fee
Summary: How to Handle Payments in Iran
| Payment Method | Usable in Iran | Recommended for Tourists |
|---|---|---|
| Foreign Credit Cards | ❌ No | Not usable |
| ATMs | ❌ No | Not usable |
| Apple Pay / PayPal | ❌ No | Not usable |
| Cash (USD/EUR) | ✅ Yes | ✅ Must-have |
| Tourist Debit Cards | ✅ Yes (limited) | ✅ Helpful (optional) |
Best Practices and Safety Tips for Handling Money in Iran
Register with a Local Travel Agency
Agencies like Kental Travel can help you:
- Exchange money securely
- Recharge tourist cards
- Find reliable Sarafis
- Provide support if you lose access to your funds
Summary Table: Money Safety Tips in Iran
| Tip | Why It Matters |
|---|---|
| Use a money belt | Hides your cash securely |
| Split your cash | Minimizes risk of full loss |
| Avoid showing large bills | Reduces theft and overcharging risk |
| Use licensed Sarafis | Ensures fair rates and safe exchanges |
| Track your exchanges | Helps with budgeting and accountability |
| Learn the Rial value | Helps avoid tourist pricing |
| Get offline currency apps | Supports smart spending without needing Wi-Fi |
FAQs for Tourists About Currency Exchange in Iran
1. What is the best currency to bring to Iran?
The best currencies to bring are US Dollars (USD) and Euros (EUR), as they are widely accepted at authorized exchange offices (Sarrafi) and offer the best exchange rates. Other currencies like British Pounds (GBP), Australian Dollars (AUD), or Turkish Lira (TRY) may be accepted in major cities but often have less favorable rates or limited availability.
Tips:
Bring crisp, new bills (post-2017) with no tears or marks, as damaged or old notes may be rejected.
USD and EUR are easiest to exchange in tourist hubs like Tehran, Isfahan, and Shiraz.
Avoid bringing less common currencies (e.g., Indian Rupees or Chinese Yuan), as they may not be accepted outside specialized exchanges.
2. Can I use credit cards or ATMs in Iran?
No, international credit cards (e.g., Visa, Mastercard) and debit cards are not accepted in Iran due to sanctions disconnecting the country from global banking networks. Similarly, ATMs are not accessible for foreign cards.
What to Do:
Bring enough cash (USD or EUR) to cover your entire trip, as you’ll rely on Rials for all expenses.
Exchange money at authorized Sarrafi offices for the best rates (~82,200 IRR per USD in 2025).
Some high-end hotels or tour agencies may accept bank transfers, but this is rare and requires pre-arrangement.
Alternative: Consider prepaid Iranian debit cards (available at some banks for tourists), but these are less common and require setup in Iran.
3. What’s the difference between Rial and Toman?
The Iranian Rial (IRR) is the official currency, but locals often use Toman in everyday transactions. 1 Toman = 10 Rials. For example, if a price is quoted as 50,000 Tomans, it equals 500,000 Rials.
How to Avoid Confusion:
Prices on banknotes and official receipts are in Rials, but markets, shops, and restaurants typically quote in Tomans.
If a price seems unusually high, it’s likely in Rials; if lower, it’s probably in Tomans. Always ask, “Is this in Toman or Rial?”
Use a mental trick: drop one zero from a Toman price to convert to Rials (e.g., 10,000 Tomans = 100,000 Rials).
4. Where is the best place to exchange money in Iran?
The best places to exchange money are authorized exchange offices (Sarrafi), which offer the free market rate (~82,200 IRR per USD in 2025). Popular locations include:
Tehran: Ferdowsi Square, a hub for Sarrafi with competitive rates.
Isfahan: Near Naqsh-e Jahan Square or Chahar Bagh Avenue.
Shiraz: Zand Boulevard or Vakil Bazaar area.
Avoid: Airport exchange counters (poor rates) and unlicensed street vendors (risk of scams).
5. Is it safe to exchange money in Iran?
Yes, exchanging money at authorized Sarrafi offices is safe, as they are regulated by the Central Bank of Iran. However, you should avoid black market dealers to prevent scams like counterfeit Rials or shortchanging.
Safety Tips:
Stick to licensed Sarrafi in tourist areas or recommended by your hotel.
Count your Rials before leaving the counter and verify the amount.
Be cautious when carrying large amounts of cash; use a money belt or hotel safe.
Avoid exchanging money on the street, even if offered “better rates.”
If Scammed: Report to local police or your embassy, but prevention is key—always use authorized offices.
6. How much money can I exchange in Iran?
There are no strict limits on exchanging money at the free market rate in Sarrafi offices, but the official rate (~28,500 IRR per USD) is capped at 2,000 EUR or 2,100 USD per year per person, requiring a passport and visa.
Practical Advice:
Exchange only what you need for a few days to minimize carrying large sums.
Budget ~50-100 USD per day for moderate travel (accommodation, food, transport), adjusting for your travel style.
Monitor exchange rates, as the free market rate fluctuates (e.g., ~82,200 IRR per USD in 2025).
Tip: Bring extra cash to cover emergencies, as you can’t rely on cards or ATMs.
7. Should I exchange money before arriving in Iran?
It’s generally not recommended to exchange money before arriving, as Iranian Rials are rarely available outside Iran, and rates abroad are often poor. Instead:
Bring USD or EUR in cash and exchange at Sarrafi offices in Iran for the free market rate.
If you must exchange a small amount at the airport (e.g., for a taxi), limit it to 50-100 USD, then head to a Sarrafi in the city for better rates.
Check with your local bank or exchange office before traveling, but expect limited availability of IRR.
8. Can I take Iranian Rials out of the country?
es, but there are restrictions. You can take up to 5,000,000 IRR (approximately 60 USD at the 2025 free market rate) out of Iran. Larger amounts require special permission from the Central Bank.
Tips:
Keep exchange receipts to show the source of your Rials if questioned at customs.
Convert excess Rials back to USD or EUR at a Sarrafi before leaving, as Rials have little value outside Iran.
Plan your budget to avoid leftover Rials, as exchanging them abroad is difficult.
Conclusion: Smart Currency Exchange in Iran Made Easy
Managing your money in Iran may seem complicated at first, especially with the dual exchange systems and the absence of international cards. But with the right information and preparation, you can travel confidently, avoid scams, and make the most of your money.
Here’s a quick recap:
- Know the difference between the official and market exchange rates.
- Exchange your money only at licensed Sarafi offices.
- Avoid carrying all your cash in one place and be discreet.
- Use offline tools and stay alert to common tourist scams.
- Learn how to convert between Rial and Toman quickly.
And remember, you’re not alone.
✅ Trusted travel agencies like Kental Travel offer personalized help for currency exchange, prepaid tourist cards, local insights, and even visa support.
Whether you’re exploring ancient Persian ruins, enjoying street food in Tehran, or shopping in local bazaars, handling your money smartly ensures a smoother and safer experience in Iran