![]() ![]() ![]() The coronavirus pandemic and falling oil prices have contributed to the bleak economic outlook. The latest fall comes four days after the UN atomic watchdog urged Tehran to stop denying its inspectors access to two suspected former nuclear sites. President Donald Trump withdrew from the nuclear deal in 2018 and reimposed crushing sanctions that sent the economy into a tailspin and fueled inflation. The Iranian currency has plummeted against the dollar since Iran and world powers signed a nuclear deal in 2015. The official rate, cited by the central bank website, is 42,000. dollar rose as high as 205,000 rials on the street market, up from 193,400 rials three days earlier, according to the foreign exchange site. sanctions, the coronavirus, and low oil prices. dollar on June 23, as the country continues to wrestle against the economic effects of U.S. If you’re pleased, it was a good deal.The Iranian currency plunged to new depths against the U.S. If you paid more money than your traveling friends, don’t worry. A worthy bargain is a time when both parties are satisfied. Keep it in your mind that bargaining is no longer a life and death battle. ![]() If you can’t come to an agreement with the seller on a price you wanted, walk out of the store. Visit other stores and ask their prices, then decide from which store you would like to purchase. Comparing rates is always a great way to double-check your deal. So, do not trust anybody and buy something at first glance. But let us tell you the truth about bargaining in Iran: if you are a shy person and you are not used to this kind of deals, it can be tough for you! Shopkeepers can recognize tourists a mile away, and they try to sell their products a little higher. However, for buying souvenir-type products at the bazaar, for example, there is some room to negotiate. These are non-negotiable, just like everywhere in the world. It is also important to mention that these credit cards are rechargeable.Īll food, public transport, groceries, and junk food which have a price tag on them that are fixed. Tourism credit cards are an excellent alternative to having cash money. These cards are connected to the national banking network of Iran, and you can get cash from an ATM using your credit card. The three banks, as Mellat, Melli, and Gardeshgari banks, are responsible for issuing Tourism Credit Cards. Keep it in mind that foreign tourists can receive credit cards at the airports. Besides, there are currency exchanges in all cities and some hotels for exchanging your currency to Iranian currency. At Iranian international airports, there is a currency exchange facility. So, there is only one way to bring the money you need. So you can’t count on your credit cards and savings accounts. Iran isn’t connected to the world’s money system. Authentic currency exchanges are also available in all major cities of Iran. Your hotels also might have this an exchange service center. ![]() But for smaller costs, you need to exchange your money into Iranian currency. You can use the Euro, Pound or Dollar to pay for significant travel expenses, such as your accommodation fare or a taxi that will take you from the airport to the hotel. So be careful, before paying for something, it is better to ask whether the price is in Toman or Rial. Most prices on the menus and items in restaurants, supermarkets, and bazaars are in Toman. To get back to our example, 100 000 rial banknote, or the 10 000 tomans, people say 10 Tomans! Hah! From all those big numbers, we got to a simple 10. So, in the spoken language only (and never in written language) people don’t say the thousand. In everyday conversations in Iran, it gets difficult to use all the hundreds and the thousands all the time. Peasy? Definitely.īut, wait, there’s more. Now, if you want to know the same banknote in Toman, you only have to remove one of the zeros. So, for example, you are holding a banknote that says: one hundred thousand Rials: 100 000. Easy? Sure.īut wait, there’s one small thing: One Toman is equal to 10 Rials. Toman, on the other hand, is what people use in their everyday lives. Rial, as seen on banknotes, is the official currency of Iran. Even though there are two different names for the Iranian currency, it’s not so difficult to distinguish between them. Ok, so this one is easier than it sounds. ![]()
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