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| Iran
Currency |
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The Iranian
Rial is the official currency in Iran.
1 Iranian Rial (IRR) = 100 dinars.
Notes
are in denominations of IRR 1,000, 2,000, 5,000 and 10,000.
Coins are in denominations of IRR 5, 10, 20, 50,
100 and 250.
Credit & debit cards
MasterCard is accepted in
some places, however credit cards should not be relied on as the
sole means of payment. Be aware that if the card was issued in the
United States of America, it may not be usable
due to the United States trade embargo.
Travellers cheques
It is not achievable to exchange
traveller's cheques.
Currency Exchange
It is recommended to bring hard currency for exchange purposes.
Exchange rate indicators
The following figures should be perceived as a guide to the movements
of the Iranian Rial against the US Dollar and UK
Pounds Sterling: |
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| Date |
Nov’07 |
| UK
£1.00= |
19,745.1 |
| US
$1.00= |
9,491.30
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Currency restrictions
The import and export of local currency is limited
to IR 500,000. Any amount larger than this requires permission from
the Central Bank. The import of foreign currency
is unlimited, provided it is declared on arrival (there is a special
form). The export of foreign currency is restricted to the amount
declared on arrival. There are no ATM's.
Banking
hours
Saturday to Wednesday from 8.00 am to 4.00 pm, some branches are open
8.00 am to 8.00 pm. Most banks are closed Thursday to Friday. |
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