iranian rial official exchange rate iranian rial official exchange rate

South Africa currency (ZAR). 1 United States dollar = 0 Iranian rial, 1 Iranian rial = 0 United States dollar. To see historical exchange rates with graph,fill in the following fields and click Go! It is a government subsidised rate that values the rial far, far above the open market rate. The value of the rial declined precipitously after the Islamic Revolution because of capital flight from the country. [38], Until 2002, Iran's exchange rate system was based on a multi-layered system, where state and para-state enterprises benefited from the "preferred or official rate" (Rls1,750 for US$1) while the private sector paid the "market rate" (Rls8,000 for US$1), hence creating an unequal competition environment. The Iranian currency plummeted to an all-time low against the US dollar on Sunday amid soaring inflation and a nuclear deal standoff. Performance information may have changed since the time of publication. The official rate is set by the government and is primarily used for the import of goods and services deemed essential by the government. 1 dirham to Iranian Rial The move came following endless debates and different warnings by regime officials aboutthe consequences of this decision, such a measure was wrapped up in less than 2two minutes! There is no official symbol for the currency but the Iranian standard ISIRI 820 defined a symbol for use on typewriters (mentioning that it is an invention of the standards committee itself) and the two Iranian standards ISIRI 2900 and ISIRI 3342 define a character code to be used for it. Need to know when a currency hits a specific rate? The table below shows an overview of countries and territories that use the Iranian Rial as their official currency: Country Geographic Location GPD Population (live) Area; Iran: Besides all the bad effects on the economy in general, this had the effect of boosting the competitiveness of Iran's domestic industries abroad. The rising liquidity was in line with Iran's low production rate of 3%, so inflation soared, and prices skyrocketed. The Iran Rial (IRR) exchange rates represented on this page are live, updated every minute within the forex market's trading hours of 22:00 Sunday through 21:00 Friday GMT. Weaker-than-expected GDP growth wont help its situation. This means that every time you visit this website you will need to enable or disable cookies again. [90] However Rls500,000 and Rls1,000,000 Iran Cheques circulate freely and are treated as cash. The lowest USD/IRR exchange rate in 2023 was 41,634 Iranian Rials per US Dollar on 16 January 2023. But How? In preparation for an upcoming redenomination whereby Rls10,000 will become one toman, notes of this series display the numerical value in tomans as well as rials (the latter with the trailing four zeros de-emphasized). Learn more today. Due to a shortage of paper currency, higher denominations have been issued as cheques rather than legal tender banknotes. The highest USD/IRR exchange rate in 2023 was 42,350 Iranian Rials per US Dollar on 21 February 2023. ATM machines are only available for local Iranian Credit Card, its very safe and simple and is frequently used in all shops. While the official figures demonstrate only a slight downgrade in the value of the currency against International [44][45] This project was cancelled following the strong depreciation of the rial between 2012 and 2013 but was put on the agenda again in 2015 for use in the reunification of forex rates (planned for 2017) and the introduction of currency derivatives. At the time of writing, GBP/AUD traded at around, According to official data from China, the yuan has become the most widely used currency for Chinese cross-border transactions. It took 24,600 rials to buy one dollar on September 24. Sending money abroad is as easy as ever. Today's Live US Dollar to Iran Rial Spot Rate: In the same year, Washington withdrew from the deal, and one greenback was sold for 120,000 rials in Tehran's unofficial market. Anyway, the fluctuation is too high. The first Iranian rial replaced the Persian gold kran at a rate of 1 rial = 10,000 krans. Intermittent sanctions and financial hardship have been interwoven into the fabric of Irans economy since the countrys 1979 revolution, giving rise to a system of multitiered foreign currency exchange rates, which to be fair is at times confusing even for Iranians. Raisi intends to remove the official exchange rate, so he can direct the regimes limited resources to the export of terrorism, fueling proxy wars and keeping the regimes oppressive apparatus on foot. The lowest USD/IRR exchange rate in 2023 was 41,634 Iranian Rials per US Dollar on 16 January 2023. The Unicode Standard has a compatibility character defined U+FDFC RIAL SIGN. [52][53] In 2008, an official at the Central Bank of Iran said the bank plans to slash four zeros off the rial and rename it the toman. Many of the essential goods are imported using this rate. This method finally replaced the fixed "export rate" (Rls3,000:US$1) in March 2000, and has since held steady at some Rls8,500:US$1. Subscribe to daily exchange rates, The Pound Australian Dollar (GBP/AUD) exchange rate traded flatly on Thursday, as an uptick in Australian export prices underpinned the Aussie. Countries using the ISO 4217 Currency Code IRR: Whether you are going on holiday and after travel money rates or looking to carry out Iran Rial exchange, it pays to keep informed. The multi-layered currency regime and failed endeavors to make it go away have also played a role in continuously devaluing the Iranian rial over the years. Iranian authorities in recent days devised ways to show that the national currency was actually rising against major currencies as its diplomats met representatives of major powers to . Iran Exchange Rate against USD data is updated monthly, available from Jan 1957 to Mar 2023. For example, in December 2019, the average governmental exchange rate for 1 U.S. Dollar was about 45.000 Rials while the real market rate was about 120.000 Rials! Is Rouhani the first to give rate unification a try? All Rights Reserved. This shows the correlation between the value of foreign currencies and the domestic inflationary environment. "They have limited foreign exchange . The currency code for Iranian Rials is IRR. Live tracking and notifications + flexible delivery and payment options. Cross Name Last High Low Change Chg. % Time ; IRR/EUR: 2.2e-05: 2.2e-05: 2.1e-05 . Another shock came in September 2020. Thats because most administrations tried to artificially fix the rate of the rial as the Rouhani administration did last year. The official exchange rate is 42,000 rials to $1. Most popular currency exchange rate conversion pairs. to EUR, IRR ", "Iran: A Vast Diaspora Abroad and Millions of Refugees at Home", "A Review and Analysis of Iran's Current Economic Status", "Iran Money, Information about Money in Iran", "Iran's Foreign Currency Market In Turmoil", "Currency traders under investigation in Iran", "Currency Plunge Roils Iran as Further Sanctions Loom", "The Central Bank of Iran and the Devaluing Rial", "Iran's Money Supply Skyrockets Parallel To Inflation", "Iranian currency falls to record low amid isolation and sanctions", "Iranian Currency Exchange Rate - Money Exchange in US, Europe & Canada - Iranian Currency Exchange Rate History, Iran Currency System, Iranian Currency History", "Iran rial hits record low despite new effort to stabilize it", "Iran Investment Monthly October 2012.pdf", "Plan to Create Currency Bourse Raises Controversy", "Islamic Republic of Iran: 2009 Article IV ConsultationStaff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Iran; IMF Country Report 10/74", http://theiranianrial.net/irans-gold-and-currency-markets/, "Actually, There Is No Hyperinflation In Iran", "Currency Reform and Redenomination of Iranian Rial", "Iran Plans to Slash Four Zeros From Currency, Donya Reports", " 4 - Tabnak.IR | ", "Iranian public votes on currency reform", "Iran arrests a forex market manipulator", "The Central Bank of Iran delves into Digital Rial", "banknoten.de - Iran 5.000 Rials (152_UNC) - BANKNOTEN", "Iran new 500,000-rial cheque (B296a) unveiled 01.01.2019", "Iran new 100,000-rial note (B301a) reported", "Iran new 1,000,000-rial cheque (B297a) reportedly introduced on 07.08.2020", "Iran new 10,000-, 20,000-, and 50,000-rial notes (B298a B300a) reported for introduction "soon", "Standard Catalog of World Papermoney Update - Iran", "Iran Places New Restrictions on Currency Trading", "Iran issues 500,000- and 1-million rial cheques", "Iran new 2-million rial cheques (B291.5a) confirmed", "Security Paper Manufacturing Complex (TAKAB)". The Iranian Rial is the official currency of Iran. The data reached an all-time high of 43,366.591 in Jul 2018 and a record low of 32.250 in May 1957. [citation needed], In July 2019, the Iranian government approved a bill to change the national currency from the rial to the toman with one toman equalling Rls10, a process which will reportedly cost $160 million. [50][51], On April 12, 2007, the Economics Commission of the Parliament announced initiation of a statute in draft to change the currency, claiming redenominations had helped reduce inflation elsewhere, such as in Turkey. [89] Does the Rouhani government favor multiple rates? The changeover is likely to be phased over a period of up to two years. . 1.00 . The cryptocurrency values displayed on our site are aggregated from millions of data points and pass through proprietary algorithms in order to deliver timely and accurate prices to our users. IRR - Iranian Rial Our currency rankings show that the most popular Iranian Rial exchange rate is the IRR to USD rate. to AED, IRR Please note that the open market or free-market exchange rate in Iran is different from the official Iranian currency rate. to GBP, IRR Rls2,000 notes were introduced in 1986. The symbol for the Iranian Rial is . There are some other types of cards which tourists can have them and are easier, ask our Friendly agent to know about them. Yet, the regimes insiders used the official rate to importluxurygoodsthatordinary Iranians could not afford. [citation needed], It was reported in 2007 that a U.S. Central Intelligence Agency (CIA) plan had been authorized to manipulate the Iranian rial in order to destabilize the country, though the details and outcome of said plan are not known. IRR. Rls1,000 notes were introduced in 1935, followed by Rls200 notes in 1951 and Rls5,000 and Rls10,000 in 1952. Exchange-Rates.org 2023 MBH Media, Inc. USD to IRR exchange rate history on 2023-4-28. The rising liquidity was in line with Irans low production rate of 3%, so inflation soared, and prices skyrocketed. [31][33][34][35][36], As of June 2020, the Iranian rial has fallen almost five-fold since the beginning of 2018 and contributing to the record inflation. No, he isnt. Europe. Year average. These are the rate when you buy (today) from the sellers, if you want to sell them your own foreign currency they are abit lower. In addition to banks, exchange shops are also available for limited transactions. The currency code for Rials is IRR, and the currency symbol is . It is subdivided into 100 dinars, but due to the rial's negligible purchasing power the dinar is not practically used. [31], In a move interpreted as aiming at unifying currency exchange rates, on September 24, 2012, the government launched a foreign exchange centre, that would provide importers of some basic goods with foreign exchanges, at a rate about 2% cheaper than the open market rate on a given day. The "official rate" applied to oil and gas export receipts, imports of essential goods and services, and repayment of external debt. Below, you'll find Iranian Rial rates and a currency converter. They were a form of bearer teller's-cheque with fixed amounts, printed in the form of official banknotes. Official Foreign Currency Rates. This means the US Dollar increased in value compared to the Iranian Rial. Both cases are clearly visible in Iran.[26]. Two forms of these banknotes were available. In 1992, a new coinage was introduced with smaller Rls1, Rls5, Rls10 and Rls50 coins and new Rls100 pieces. Iran's currency has collapsed in two ways -- gradually and then suddenly. Importing Iranian currency to Iran, for tourists who are visiting is up to 500,000 IRR (Iran Rials), or its equivalent in other currencies. These currency charts use live mid-market rates, are easy to use, and are very reliable. The official exchange rate is 42,000 rials to $1. You may opt out of personalized ads by changing your privacy consent settings. The Iranian Resistance has produced an in-depth report about this issue that could be found, a secret document of a so-called Working group meeting to prevent security crises due to basic livelihood problems., Alireza Beigi publicly repeated this warning in his, Latest News & Activities of Iran Protest Leader Maryam Rajavi, Privacy Use of your Personal Information, Contact Us National Council of Resistance of Iran. So what is the official exchange rate in Iran? Eliminating the official exchange rate will have dangerous consequences. The code for the Iranian Rial is IRR. Opponents of redenomination are wary of more inflation resulting from psychological effects, and increase in velocity of money leading to more instabilities in the economy of Iran. The "export rate", fixed at 3,000 rials per dollar since May 1995, applied to all other trade transactions, but mainly to capital goods imports of public enterprises. Get The Best Rates With xe Via Xe's website Iranian Rial to United States Dollar conversion - Last updated Apr 30, 2023 02:22 UTC Result 0.000024 United States Dollar 1 IRR = 0.000024 USD 1. against an official rate of 42,000. . But in the last three months, its roughly stabilized, with around 130,000 rials now fetching $1. However, they have the figures "50" (should read 50 thousand toman) and "100" (should read 100 thousand toman) written on their top right hand corners, respectively, which is seen as the first step toward a new currency. to XRP, IRR [28][29], Monetary policy is facilitated by a network of 50 Iranian-run forex dealers in Iran, the rest of the Middle East and Europe. The USD/IRR rate is up +0.06% (+25.0000) since 28 April 2023 which means the US Dollar has increased in value compared to the Iranian Rial. Create a chart for any currency pair in the world to see their currency history. Copyright 2022 NCRI In 1825, the rial was replaced by the Qiran at an exchange rate of 10 rials for 1 qiran. To protect Iranian consumers. Iran-based bitcoin sellers on peer-to-peer trading platform LocalBitcoins were seen to be pricing bitcoin at around 1 billion Iranian rials, worth some $24,000 based on the official. . The official exchange rate - used . May 4, 2020. In March 2002, the multi-tiered system was replaced by a unified, market-driven exchange rate. View US Dollar to Iranian Rial exchange rate history for 2023-4-28 as well as high, low and average USD/IRR exchange rates for 2023. Wed, 26th April 2023 Live Iran Rial (IRR) Exchange Rates Welcome to the Iran Rial exchange rate & live currency converter page. The Iranian currency, the rial, lost 8% against the dollar in one day this week. Monetary policy is facilitated by a network of 50 Iranian-run forex dealers in Iran, the rest of the Middle East and Europe. You can take 5000 dollars in cash or its equivalent in foreign currencies out of Iran. [87][88] The note features a quote by the prophet Mohammed, translated as: "Even if knowledge is at the Pleiades, the people from the land of Persia would attain it". Since the Rouhani government did not have enough currency, it started banknote printing, thus increasing liquidity. [91][92], In 2008, CBI revoked this privilege from banks, and currently issues its own Iran Cheques in denominations of Rls500,000, Rls1,000,000,[93] and Rls2,000,000. 1.00 AED; US Dollar: 0.272294: 3.672500: Euro: 0.247229: . [32], The unofficial rial to US dollar rate underwent severe fluctuations in January 2012 (the rial losing 50% of its value in a few days, following new international sanctions against the CBI), eventually settling at Rls17,000 at the end of the period. Iranian currency and gold rates | The most updated lists and real-time timeline of foreign currency exchange rates to Iranian rial . In contrast, the free market rate is determined by the market forces of supply and demand. Surveys show that based on the free-market exchange rate in that year, the importers embezzled around 5.1 quadrillion rials.. Past performance is not indicative of future results. In 1825, the rial ceased to be issued, with the qiran subdivided into 20 shahi or 1,000 dinars and was worth one-tenth of a toman, being issued as part of a decimal system. to IQD. View Iran's Foreign Exchange Rate: Central Bank of Iran (CBI): End of Period: US Dollar from Mar 1992 to Feb 2023 in the chart: . What Is the Iranian Rial? In 1953, silver coins ceased to be minted, with the smallest denomination now 50 dinars. through the Iran Mercantile Exchange.[46]. The NIMA exchange rate places a higher value on the rial than the open market rate. In 1944, the silver coinage was reduced in size, with the smallest silver coins being the Rls1 pieces. For 2023, one Dollar has equalled. The value of the rial has reached its lowest level in history, and the signs of economic crisis have appeared in the foreign exchange market more than anywhere else. Live Iranian Rial (IRR) exchange rates in Iran's free market Gold Ounce $ Gold Gram Toman Gold Mithqal Toman Coin Emami Toman / IRR Toman Toman Iranian Rial Exchange Rates. Raisi was adamant about removing the official exchange rate, yet his decision has caused much stir in the regime. Inflation and punishing US economic sanctions have effectively cut off Iran from most of the global economy, forcing the government to scramble for foreign currency to pay for humanitarian goods and leaving ordinary Iranians struggling just to get by. Language links are at the top of the page across from the title. Iran is very much in the sudden phase right now. to UAH, IRR Source amount : 1st currency : 2nd currency : Real time chart. Corruption due to this currency is estimated at 5.9 quadrillion rials. Iran Rial to US Dollar exchange rate on 28 April 2023 (28/04/2023), Last 180 days USD/IRR history: USD/IRR historical rates, Other USD Historical Exchange Rates for 28/04/2023, Choose alternative years (2010 onwards): USD/IRR rates in 2010, USD/IRR rates in 2011, USD/IRR rates in 2012, USD/IRR rates in 2013, USD/IRR rates in 2014, USD/IRR rates in 2015, USD/IRR rates in 2016, USD/IRR rates in 2017, USD/IRR rates in 2018, USD/IRR rates in 2019, USD/IRR rates in 2020, USD/IRR rates in 2021, USD/IRR rates in 2022, USD/IRR rates in 2023. [27] However, the spread increased again in September 2010 because channels for transferring foreign currency to and from Iran being blocked because of international sanctions. Rial (shown with symbol and IRR currency code) is Iran's official currency. Besides all this fuss, Rouhanis government was virtually incapable of controlling prices. South African Rand exchange rates and currency conversion. The most common banknotes you will see in Iran are 5000, 10000, 20000, 50000, 100000, 500000, and 1000000 Rials.You also will probably see coins in value of 1000, 2000, and 5000 Rials. Friendly Iran offers Iranian credit Cards for tourists and travelers,contact our Friendly agentto know more. So what is the "official" exchange rate in Iran? US Dollar is around 10,000 Tomans / 100,000 rials (These rates are correct as of time of writing) 29/july/2018. . Posted on 24 Jun at 2 PM 2019 The Iranian rial was first introduced in 1932, replacing the Persian gold kran, at a rate of 1 rial = 10,000 krans. Preliminary results indicate that four zeroes would be cut (in line with the government's recommendation) and that the name will be changed to Parsi. Iranian rial (IRR) to U.S. dollar (USD) Iranian rial (IRR) to Euro (EUR) Iranian rial (IRR) to British pound (GBP) Iranian rial (IRR) to Japanese yen (JPY) Iranian rial (IRR) to Australian dollar (AUD) The Iranian Resistance has produced an in-depth report about this issue that could be found here. You may opt out of personalized ads by unchecking the marketing cookies. The average USD/IRR exchange rate for 2023 is 42,154 Iranian Rials per US Dollar. The USD/IRR rate was up +0.96% in 2023. While rejecting this claim, Alireza Beigi, regimes MP from Tabriz, told the state-run Setar-e Sobh daily that Regarding the electronic coupon, I must say that we have not yet incurred the costs and the government has not decided in this regard.. In 2023, the lowest exchange rate from US Dollars to Iranian Rials was 1 USD = 41,634 IRR. Iran Workers Struggle: Historical Roots and Present-Day Challenges, How the IRGCs Medicine Mafia Profits from Irans Drug Shortage, Iranian State Media Acknowledge Corruptions Role in Economic Crunch. In 1961, the Central Bank of Iran took over the issuance of paper money. The USD/IRR rate was up +0.96% in 2023. Month average. Not so well. Thus, the rate is also known as Jahangiris currency., In 2019 alone, around $15 billion [based on the official exchange rate] was spent on importing various items,wroteFars News Agency on November 7, 2021. Currently, Iran has three exchange rates; the open market rate, the official rate and the NIMA rate (keep reading if you want to know what NIMA stands for). Get free exchange rate alert The USD/IRR rate was up +0.96% in 2023. Click one of our member below to chat on. Although described as an (interbank) "market rate", the value of the Iranian rial is tightly controlled by the central bank. Quickly and easily calculate foreign exchange rates with this free currency converter. DANSKE BANK FORECASTS, GBP TO USD, INSTITUTIONAL FX FORECASTS, POUND STERLING FORECASTS, FEDERAL RESERVE, GBP LIVE TODAY, GBP TO USD, EXCHANGE RATES TODAY, FOREIGN EXCHANGE, MORNING PREVIEW, EUR TO USD, INSTITUTIONAL FX FORECASTS, MUFG FORECASTS, GBP TO USD, INSTITUTIONAL FX FORECASTS, POUND STERLING FORECASTS, For full historical data please visit USD/IRR exchange rate history page, Foreign exchange analysts at Danske Bank expect that the Federal Reserve will increase interest rates by a further 25 basis points to 5.25% at the May policy meeting. The lowest USD/IRR exchange rate in 2023 was 41,634 Iranian Rials per US Dollar on 16 January 2023. Send money online fast, secure and easy. In 1979, Rls 70 equalled USD 1. Xe Historical Currency Exchange Rates Chart, May 1, 2023, 21:33 UTC - May 1, 2023, 21:33 UTCUSD/IRR close: 0 low: 0 high: 0. They are issued by the Central Bank of Iran, each bearing the signature of the President of the Iranian Central Bank. To all of these, one has to add the official exchange rate of 42,000 IRR/USD, at which the Central Bank of Iran (CBI) will sell hard currency to those who are importing necessities, including food, grain and medical . from certain investments under the Foreign Investment Promotion and Protection Act and from limitations on other investment-related current international payments under this act. According to the Wall Street Journal and dealers, the Iranian government was selling US$250million daily to keep the rial exchange rate against the US dollar between Rls9,700 and Rls9,900 in 2009. "With capital controls, it would be difficult for the [yuan] to become a viable international currency," economist Stephen Jen told Insider. In Iran money exchange centers, transforming your money from foreign currency to Rial will take only a few minutes, 15 minutes at most. Surveys show that based on the free-market exchange rate in that year, the importers embezzled around 5.1 quadrillion rials., Corruption due to this currency is estimated at 5.9 quadrillion rials. Eshagh Jahangiri, Rouhanis vice president, first announced the existence of 42, a dollar exchange rate. Find the best USD to IRR currency rates here, Invert? What are the three existing exchange rates called? After the Islamic Revolution, the coinage designs were changed to remove the Shah's effigy but the sizes and compositions were not immediately changed. According to the Wall Street Journal and dealers, the Iranian government was selling US$250 million daily to keep the rial exchange rate against the US dollar between Rls 9,700 and Rls 9,900 in 2009. For example,If you buy a handmade Persian rug or a golden jewelry costs 3 Tomans, definitely it means3 Million Tomansor30 Million Rialsand whenyou pay for snacks and it costs3 Tomans, you should pay3 Thousand Tomansor30 Thousand Rials. Rate unification was in fact one of his campaign promises and the administration was steadily bridging the gap between the official and the open market rates before US sanctions hit. The Dollar exchange rate reached 80,000 . Marketing cookies are used to track visitors across websites. Raisi To Eradicate Poverty in Two Weeks in Iran! average: 41,769.427. minimum: 0.000. maximum: 42,350.000. In other words, Raisi has sowed the wind and shall reap the whirlwind of another uprising. In 1945, the rial was pegged to the U.S. dollar at USD 1 = Rls 32.25. Iran did not follow the dollar's currency devaluation in 1973, leading to a new peg of USD 1 = Rls 68.725. We suggest to have the most decent exchange rate (buying or selling), compare few exchange shop's rates and go for the best one. The so-called Preferred currency was supposed to be used to import the countrys essential materials, most notablyfooditems and medicine. Currently, the official rate is only used to import essential goods, but that wasnt always the case. . The parliament got tired after 15 days of reviewing the plan to eliminate the official exchange rate, and you exploited this situation to approve the removal of the official exchange rate in two minutes. In 2023, the highest exchange rate from US Dollars to Iranian Rials was 1 USD = 42,350 IRR. On April 28, 2023 the Official USD to IRR Exchange Rate: Close: 1 USD = 42250 IRR. Rate Cut Bets Increase, US Dollar Slides as US Growth Slows to 1.1%, Euro Tipped for Further Gains Against the Dollar, Pound Sterling say Currency Strategists, Pound Sterling: Break Above 1.2550 Against US Dollar for Further Gains say UOB, Sterling Held in Range, Pound to Dollar Rate Unable to Hold Above 1.25, Daily FX 27.04.23: US GDP and Wall Street Reaction Key for Near-Term Pound vs Euro, Dollar, Currency Minting of all denominations below 25 dinars ended in this year. National Council of Resistance of Iran Once they were acquired from banks, they could function like cash for a year. Irans currency, the rial, has suffered a sharp devaluation since United States President Donald Trump decided to unilaterally withdraw from the Iran nuclear deal last year. In 2002 the "official rate" a/k/a "preferred rate" (Rls1,752:US$1) was abolished, and the TSE rate became the basis for the new unified foreign-exchange regime. The Rial is divided into 0. 2. Secondly, the Iranians say prices in Toman. Our currency rankings show that the most popular Iranian Rial exchange rate is the IRR to USD rate. The parliament got tired after 15 days of reviewing the plan to eliminate the official exchange rate, and you exploited this situation to approve the removal of the official exchange rate in two minutes. Candlestick chart. Iranian Rial 1.00 IRR inv. We highly recommend you to bring all the money you need in cash, because there are no Credit card system or ATM available in Iran.