Currency Information
Iranian Rial (IRR, symbol Rls).
Currently, we use eight different banknotes (100,000, 50,000, 20,000, 10,000, 5,000, 2,000, 1,000 and 500 Rials) and five different coins (5000, 2000, 1000, 500 and 250 Rials).

Planning on shopping?
When shopping, you’ll be happy to hear that Iranians are an honest lot. Double-pricing for foreigners isn’t widespread except in hotels where Iranians get a cheaper rate than tourists. In shops you generally don’t have to worry about being overcharged and bargaining isn’t common outside of the bazaars.
The one challenge you will come across is that most Iranians don’t talk in Rials; which is a bit strange since it is the printed currency. At first this will be a bit confusing and it’s easy to think you’re being ripped off when in fact the price was just quoted in Tomans and not Rials. Ask if you’re unsure! Since you’re a tourist in Iran, some Iranians may try to make things easier and give you the value for your purchases in Rials or even in dollars to help you out.

Credit Cards and Travelers Checks
Due to the sanctions against Iran even common, major credit cards like Visa and MasterCard are not accepted in Iran; so bring cash or try credit cards issued by local banks in Iran. It is not possible to exchange travelers' checks either.

Currency
What type of cash is acceptable? It is not important; US dollars; Euro; GBP are all accepted in Iran. You should change your money in a currency exchange, and you will have no problem finding them all around the country. Use Iranian Rials when you are wondering out and shopping or eating (most places only accept Rials). Like everything in Iran, things can change overnight so make sure you check the exchange rate.
If you are fr0m a country (small African or South American countries, for example) whose currency is not a major currency, try to change your money to US dollars or Euros. It is very rare that you wouldn't be able to change your country's money, but why take the risk? Iranian Rial rate is changing frequently so please contact a trusty money changer or check on internet for currency converters, such as:
www.mesghal.com and http://finance.yahoo.com/currency-con...
Please note that yahoo currency converter shows the official rate of currencies (rate in banks only) while most of the money changers apply the rate presented in mesghal.com website which is usually higher!

ATM:
Although Iran has a functioning network of ATMs (cashpoint machines) all around the country and POSE machines even in many supermarkets, but you can only use credit/gift cards issued by local banks in Iran.

Banking Hours:
Sat-Wed 07:30-13:30, Thurs 07:30-12:30.

Currency Restriction:
The import and export of local currency is limited to Rs 500,000. Any amount larger requires authorization fr0m the Central Bank. The import of foreign currency is unlimited, provided that it is declared on arrival. The export of foreign currency is limited to the amount declared on arrival.
Currency Exchange:
The quickest and easiest way to change cash is at an official money-exchange office, where the whole deal is done in seconds, unlike in most banks where half an hour is considered fast. Exchange shops can be found in most cities, usually signed in English. Changing money in an exchange shop is much safer than doing so with a street moneychanger. It is advisable to bring hard currency for exchange purposes.

Tipping:
Tipping is not a big deal in Iran. In upmarket restaurants (mainly in Tehran) a 10% gratuity might be expected but everywhere else any money you leave will be a pleasant surprise. It’s normal to offer a small tip to anyone who guides you or opens a building that is normally closed. If your offer is initially refused, you should persist in making it three times before giving up. It takes time till you adopt with concept of Tarof!

Iran Duty Free
The following goods may be imported into Iran without incurring customs duty:
• A reasonable quantity of cigarettes.
• Reasonable quantity of perfume for personal use.
• Gifts on which the import duty/tax does not exceed US$80.hether you’re a backpacker traveling to Iran on a budget, or an all-the-frills luxury traveler, you’re going to need to plan