Iran has two currencies which are used in its people’s everyday life. The formal Iranian currency is the Iranian Rial (IRR), and the informal one is Toman. If you look at the price tags on stuff found in the market, they are in Rials. When you look at the money bills you have it says 100000 Rials. But when you ask a taxi drive of how much a ride costs he will probably answer in Tomans.
So how does it all work together?
Each toman is equal to 10 rials. So a 100000 rial bill is equal to 10000 tomans. People usually use tomans in their everyday life. But everything formal is in rials. You’ll get used to it after a while, but at the beginning it can be pretty frustating. Just stick to one (preferably toman) and you’ll be fine. When you want to pay a taxi driver and he says 20000 tomans for example you will have to pay him 200000 rials.
Unfortunately due to sanctions against Iran, you won’t be able to use your credit cards in Iran directly. Previously you had to bring a lot of cash along to make your payments. We have a smarter solution for you, which you can find in our blog “How to stop bringing cash to Iran”. In any case if you still choose to bring cash to Iran, it would be better to exchange it through one of the money exchanges in the city. The airport exchange shop usually has a lower rate, but you can exchange some of your money there, to start your journey and then change the rest in one of your destination cities.