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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. Be aware, however, that if the card was issued in the USA, it may not be useable due to the US trade embargo.
Travellers cheques: Can be exchanged in major cities. However, US Dollars are not accepted.
Currency restrictions: The import and export of local currency is limited to IR2000. 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.
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 ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 2550.27 | 2661.58 | 12630.6 | 12707.7 | | $1.00= | 1750.00 | 1750.00 | 7987.00 | 7981.00 |
Banking hours: Sat-Wed 0800-1600; some branches are open 0800-2000. Most banks are closed Thurs-Fri.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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