Traveling to Iran can be an unforgettable experience, but one important thing you should plan ahead for is money exchange. Due to international sanctions, Iran's banking system is disconnected from international credit cards like Visa and Mastercard. Therefore, it's crucial to understand how to manage your money while visiting. Here's a complete guide to help you exchange money in Iran smoothly.

1. Bring Enough Cash (Preferably USD or Euros)

Since foreign cards don’t work in Iran, tourists must bring sufficient cash to cover their entire trip. US Dollars and Euros are the most widely accepted currencies for exchange. It’s better to bring new, undamaged bills because some exchangers might reject old or torn notes.

2. Official Exchange Shops vs. Black Market

In Iran, you have two main options for exchanging money:

  • Official Currency Exchange Offices (Sarafi): These are licensed shops authorized to exchange money legally. They offer fair and transparent rates based on daily official rates.

  • Black Market: Some people exchange money unofficially at slightly better rates, but this is illegal and risky. It’s highly recommended to use official Sarafis to avoid scams and legal issues.

3. Where to Find Exchange Offices

You can find exchange offices in major cities like Tehran, Isfahan, Shiraz, and Mashhad. In Tehran, Ferdowsi Square is well-known for having many reputable Sarafis. Airports like Imam Khomeini International Airport also have licensed exchange counters.

4. What About Banks?

While some banks may offer currency exchange services, it is generally more convenient and faster to use a licensed Sarafi. Banks might also offer less favorable exchange rates and longer wait times.

5. Consider Getting an Iranian Tourist Card

Some banks and agencies now offer prepaid Iranian Tourist Cards. You can load your cash onto these cards after arrival and use them like a local debit card in shops, restaurants, and hotels. It’s a safe way to avoid carrying large amounts of cash.

6. Always Keep Some Cash

Even if you use a Tourist Card, it’s wise to carry some cash with you, especially when traveling to smaller cities or rural areas where card terminals might not be available.

7. Tips for a Smooth Experience

  • Always count your money carefully before and after exchanging.

  • Keep the receipt from the Sarafi; you might need it if you want to change your Rials back to Dollars or Euros when leaving.

  • Avoid exchanging money on the street.

  • Stay updated on the latest exchange rates using reliable apps or websites.

Final Words

Managing money in Iran as a tourist may seem a bit challenging at first, but with good planning and by using official exchange offices, you can enjoy a worry-free experience. Remember: cash is king in Iran, so prepare accordingly!