When you decide to travel to Iran or when you get an Iran visa, you will probably have questions about Iran’s currency exchange. “What is the rate of converting Iranian Rial to my currency?”, “How much cash should I have?”, “Which international credit cards are in use in Iran?”.
The most important though a little confusing thing about Iran currency is Rials vs Tomans. As you might know, The official currency is Rial, however Toman is what you hear at the stores and streets. The difference is one zero. if you drop out a zero from Rials, you will have Tomans. As an example, a bill of 50000 Rials is called 5000 Tomans in everyday use!
According to reports such as the World Economic Forum, Iran is one of the cheapest destinations in the world. So no worries about your budget. Of course, due to restrictions imposed by US sanctions, there is no possibility to use international credit cards like Visa Card and MasterCard in Iran.
Therefore, it is recommended to use internal credit cards (called Tourist Card in Iran) to cover your expenses in Iran. You can either convert a portion of your currency to Rial -To the rate of the day- at the airport or at the city by visiting banks such as Mellat Bank, Saman Bank, Pasargad Bank or Tourism Bank and receive a credit card. This card is usable in all stores, ATMs, shoppers. So you should not worry about having cash. At the end of the trip, you can also convert the remaining money into your preferred currency.