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 Iran
Travel TipsIran
Currency
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Iran Money
Currency: Iranian Rial (IR) = 100 dinars. Notes are in
denominations of IR10,000, 5000, 2000 and 1000. Coins are in denominations
of IR250, 100, 50, 20, 10 and 5.
Currency exchange: It is advisable to bring hard currency
for exchange purposes.
Credit & debit cards: MasterCard is accepted in
some places, but credit cards should not be relied on as the sole means
of payment. Be aware that if the card was issued in the USA, it may not
be usable due to the US trade embargo.
Travellers cheques: It is not possible to change travellers
cheques.
Currency restrictions: The import and export of local
currency is limited to IR500,000. Any amount larger than this requires
authorisation from the Central Bank. The import of foreign currency is
unlimited, provided declared on arrival (there is a special form). The
export of foreign currency is limited to the amount declared on arrival.
There are no ATMs.
Exchange rate indicators: The following figures are
included as a guide to the movements of the Iranian Rial against Sterling
and the US
Dollar:
Date May '04 Aug '04 Nov '04 Feb '05
£1.00= 15280.1 16062.5 16653.2 14919.1
$1.00= 8555.00 8718.50 8794.00 7900.00
Banking hours: Sat-Wed 0800-1600; some branches are open
0800-2000. Most banks are closed Thurs-Fri.
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