Iranian money matters - Iran-Rental (real estate brokerage in Tehran - Exclusively for expats)
Iranian money matters

There is one interesting point about money in Iran that there is 2 currency! Rial (ریال) and Toman (تومان).

Despite this usage, prices are usually always written in Rials. For example, the sign next to an item in a shop would state the price in Rials (eg 100,000 IRR) but if one was to speak to a shop assistant they would say the item cost 10,000 Tomans. Each Toman is the equivalent of 10 Rials. Rial(ریال) is the official unit of the country and has written on all the moneys, this unit use in banks and ATM machines, but all the people use Toman when they are talking about money like going shopping or in the taxies! Nobody ask the money in Rials but sometimes while you are shopping the price has written in Rials.

This may be confusing at first, but expats & tourists will soon get used to the terminology.

Signs of Rial : ریال , Rials , RLs .
Sign of Toaman : تومان, Toman ,T , تومن , ت.

Every iranian bank note has a picture of the Imam Khomeini (Leather of the Islamic Republic of Iran) on one side. The most common banknotes are :

10,000Rls (1000 Toman) Dah Hezar Rial or Hezar Toman
20,000Rls (2000 Toman) Bist Hezar Rial or Do Hezar Toman or Do Toman
50,000Rls (5000 Toman) Panjah Hezar Rial or Panj Hezar Toman or Panj Toman
100,000Rls (10,000 Toman) Sad Hezar Rial or Dah Hezar Toman or Dah Toman
500,000Rls (50,000 Toman) Punsad Hezar Rial or Panjah Hezar Toman
1,000,000Rls (100,000 Toman) Yek Miliun Rial or Sad Hezar Toman

notes are usually available from banks rather than cash machines.
Less valuable moneys are smaller than a 1000 Toman which are usually(not always) coins :
5000 Rls (500 Toman) Panj Hezar Rial or Punsad Toman
2000 Rls (200 Toman) Do Hezar Rial or Divist Toman
1000 Rls (100Toman) Hezar Rial or Sad Toman
500 Rls (50 Toman) Punsad Rial or Panjah Toman
Some expat staying longer (usually over 6 months) may wish to open local bank accounts.
Banks are usually open Sautarday to Thursday from 8-15.
Cash machines are found outside banks and metro stations. There are sometimes cash machines at petrol stations and inside shopping malls, but these ATMs only withdraw money. Cash machines doesn’t accept international bank cards.

Some usefull translations for Numbers:

One   1

  Yek

یک

Two 2

  Do

 دو
Three

3

Se

سه

Four

4

Chahar

چهار

Five

5

Panj

پنج

Six

6

Shish

شش

Seven

7

Haft

هفت

Eight

8

Hasht

هشت

Nine

9

Noh

نه

Ten

10

Dah

ده

 

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Iranian money matters - Iran-Rental (real estate brokerage in Tehran - Exclusively for expats)