For Now in Iran You Could be Better Off With €, £ than $
Replies: 7 - Last Post: Oct 11, 2012 9:16 PM Last Post By: desertstorm001
Oct 8, 2012 5:44 AM
For Now in Iran You Could be Better Off With €, £ than $I am seeing and hearing conflicting reports as to real street/market daily exchange rates for $ in Iran these days, after last Tuesday's currency collapse that is. Since Saturday rates from 28500 to 32000 have been reported although many exchange shops have stopped altogether buying/selling dollars while some others have been shut down due to central bank rules violation, among others. Meanwhile, a friend told me that a report by Iran national radio had mentioned yesterday that locals are allowed to purchase up to $1000 at certain pre-designated exchange shops at a preferred rate of 28500. So I am guessing the 'true' market rate for $ should be significantly higher. The govt is quite sensitive about $ price and how high it goes but those concerns apparently do not exist as far as other major currencies like € and £ are concerned. So if u are keen on making major purchase Iran, like a rug, I think you will be better off with currencies other your than $ because they are now exchanged/sold easier and closer to prevailing market prices, too.
PS I cannot find today's rate for $. If u changed money today, let me know. thanks.
Oct 8, 2012 6:14 AM
1Thanks for this and all the other updates you have been posting. I'm a UK citizen travelling to Iran later this week. I had intended to change most of my £'s to euros and some dollars. Would I be better off just bring £'s?
Oct 8, 2012 6:32 AM
Oct 9, 2012 4:13 AM
Oct 9, 2012 4:18 AM
Oct 9, 2012 9:33 AM
Oct 9, 2012 10:07 AM
Oct 11, 2012 9:16 PM
7I actually didn't know about the collapse of rials.
But this is my experience so far.
28th Sept: airport official rate €1 = 15532 r
29th Sept: couch surfer host Tehran €1 = 30000 r
4th Oct: Hotel Kerman €1 = 35000 r
11th Oct: Hotel Shiraz €1 = 40000 r
I don't shop around, these are rate I got quoted by the first place I needed to change money.
Bandar AbbasBook now