Iran's official currency is the Iranian Rial, which is abbreviated as IRR. The Rial is used in all financial transactions within the country, including purchasing goods and services, paying bills, and exchanging money. The currency is issued and regulated by the Central Bank of the Islamic Republic of Iran. One Rial is divided into 100 dinars, although dinar coins are no longer in circulation and are considered obsolete. The Rial is available in various denominations, including banknotes in 100, 200, 500, 1000, 2000, 5000, 10,000, and 20,000 Rial denominations. The exchange rate of the Iranian Rial fluctuates regularly due to various economic factors, including inflation, political instability, and international sanctions. As a result, the value of the Rial can vary significantly compared to other currencies, such as the US Dollar or Euro. For travelers visiting Iran, it is recommended to exchange currency at official exchange offices or banks to ensure a fair rate. It is also important to note that credit and debit cards issued by foreign banks are not widely accepted in Iran, so it is advisable to carry enough cash in Rial for daily expenses. As of [current date], 1 US Dollar is equivalent to approximately [exchange rate] Iranian Rial. However, it is essential to check the latest exchange rates before converting currency to ensure the most up-to-date information. Overall, understanding the currency of Iran is crucial for anyone planning to visit or do business in the country. Being aware of the exchange rate and where to exchange money can help travelers and investors navigate the financial landscape of Iran more effectively. For more information on the Iranian Rial and the latest exchange rates, you can visit the official website of the Central Bank of Iran at [URL] or consult reputable financial news sources for updates on the currency market. In conclusion, the Iranian Rial plays a vital role in the economy of Iran, and having a basic understanding of the currency can benefit both tourists and business professionals looking to engage in financial transactions within the country.

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