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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.
Tehran drops 174 places in startup survey
Tehran has fallen 174 places in the 2021 Start-up Blink rankings for viability of creating a tech startup in the city, it was reported on September 8.
According to the latest report by the foreign-based company rating startup rankings,…
CBI Sets New FX Rules & Regulations
The Central Bank of Iran has issued a new directive that limits the amount of foreign currency that people can keep or carry.
Tehran Stock Exchange new building in Tehran
Did you know the Tehran Stock Exchange has a new home in Tehran? Did you know that Iran has a stock exchange? Many do not!
In financial circles the TSE as it is known by its acronym has become one of the biggest interest points for…
Iran government approves to drop four zeros from Rial
A bill to remove four zeros from the national currency had already been presented to the government by the Central Bank of Iran, ILNA wrote.
The Iranian government has approved to remove four zeros from the national currency, the Fars news…
Ramadan 2019: Bank Holiday on Martyrdom of Imam Ali (S.A)
May 27, 2019 is a bank holiday in Iran commemorating the martyrdom of Imam Ali (SA) which coincides with the 21 of the holy month of Ramadan. It commemorates the Martyrdom of Ali ibn Abu Talib, who was the son-in-law of the Prophet Muhammad…
ATMs To Increase Daily Withdrawal Limit For Nowruz
With the Persian New Year (Nowruz) approaching, the Central Bank of Iran (CBI) has issued a directive, stating that the daily withdrawal limit of all Iranian ATMs will increase to 5 million rials from the current 2 million.
According to…
Latest Foreign Currency Rules In Brief
According to the latest instructions by the Central Bank of Iran (CBI), all bureau de change in Iran are allowed to sell up to 5,000 Euros of hard currency or its equivalent. According to the directive, all purchases must be registered at…
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…