When it comes to Iran, Google is not always accurate—especially about the currency. Below, you will see why you should avoid trusting Google on this matter.
Iran Currency
The real exchange rate is three times higher than what Google shows
If you spend just a few minutes searching about the Iranian rial, you’ll notice a huge gap between Google’s exchange rate and the real rate in Iran. This issue worsens if you plan your budget assuming Google’s rate is correct.
Here’s good news: the real exchange rate is about three times higher than Google’s rate. Google shows the government’s rate used for importing essential goods only.
To learn more about Iran’s multi-tiered exchange rate system, read this insightful Al Jazeera article.
Tourists unaware of this often get trapped. Scammers exploit Google’s rate to overcharge travelers by the difference between rates.
Where can I find the accurate Iranian rial exchange rate?
Many websites list exchange rates. Among them, Bonbast.com is popular. However, Bonbast bases its rates on USD. This means the USD to Rial rate is more accurate than EUR to Rial. EUR to Rial is calculated indirectly through USD to EUR rates, which usually causes only minor differences.
For GBP to Rial, Bonbast’s rates tend to be higher than actual market rates.
Is there more I should know about money and exchange in Iran?
Yes, there is. Learn more about the Iranian rial, one of the world’s most confusing currencies, in our post “Exchange Rate in Iran“.
What is MahCard and how can it help you avoid currency exchange hassles?
MahCard is an Iranian prepaid debit card designed for tourists. It works like international Visa or MasterCard and lets you use your money in Iran without carrying cash.
Carrying large amounts of cash is risky and inconvenient, especially because of the exchange rate. With MahCard, you avoid these problems. Vendors across Iran accept MahCard; even bazaars often have portable POS machines for card payments.
Can I transfer money using my Visa or MasterCard if I have no cash?
Yes, you can! Just contact [email protected] to get the details.