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Money & Banking
Understand the inner workings of the Iranian banking sector. We help you get set up in working in Tehran.
Work hours change in Tehran to save electricity
With summer heat already hitting the town and electricity consumption reaching new records, working hours of government bodies, banks and other institutions have changed in Tehran to reduce electricity consumption.
According to the…
How much hard currency you can bring to Iran
New hard currency rules for travellers.
Following recent changes in Iran's monetary policies, the Central Bank of Iran (CBI) has announced that travellers can carry €5,000 or its equivalent in other currencies when travelling by air.…
How to change your foreign currency in Tehran
How to change your foreign currency in Tehran?
Recently, changes to Iran’s foreign exchange rules have had many foreigners living and visiting Tehran confused with how to change their money.
However, as of this week in a new statement…
Best rates for forex, gold and stocks in Tehran
If you want to know where to know the latest prices on foreign currency rates in Iran set by official bodies, we’ve got the best website for you.
The Tehran Gold And Jewellers Union is your go-to site for all the latest prices for…
What the new foreign currency rules mean for everyone
According to the latest instructions by the Central Bank of Iran (CBI) all bureau de change in Iran is not allowed to buy/sell any amount of money in any currency until further notice. According to the sudden change in details, all currency…
Iran ATMs to increase daily withdrawal limit to IRR5mn (€83)
Good news for those of you who use cash! According to several reports in local media, all Iranian ATMs by the next Persian New Year (March 21) will have a new limit of IRR5mn (€83) per day!
It may not sound like much to foreigners, but…
How to digitally pay Iran’s departure tax
One of the biggest issues for non-resident Iranians visiting Iran is having to pay the “khorooji” or departure tax. This tax came into force for all residents and non-residents in 2015 and is likely to jump in cost come the Persian New Year…
Living in Tehran: Understanding product prices in Iran
Understanding product prices in Iran is confusing for new arrivals. However, the one significant benefit of locally produced items in Tehran is that they are fixed! Yes, that’s right! From freshly baked Iranian bread to cleaning products,…
Banking in Iran for expats (using ATMs)
There are roughly 42,000 ATMs in Iran currently operating, and in any large city, you are no more than 1 Kilometre away from the nearest cash machine.
Banking in Iran for expats (coins, notes & cheques)
The Central Bank of Iran (Bank Markazi) is the only issuing authority of coins and notes in the country, unlike countries like Scotland or Northern Ireland you will not find several banks issuing their own versions of the same currency. You…