World's Most Confusing Currency? (IRANIAN RIAL)



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One of my favorite things to do whenever I enter a new country (like Iran) is analyzed their currency situation, exchange rate and how these things affect their economy.

I’ve handled many inflated currencies — such as the Indonesian RUPIAH and Vietnamese DONG — but here in Iran, the RIAL gets a lot more confusing than inflation.

Iran has 2 different systems to count their money. The first is RIALS (the official Iranian currency), and the second is TUMAN (which is like the Rial, without the last zero). As a traveler, you don’t know which price is listed unless you ask. $1 USD = 50,000 Rials and that same $1 dollar = 5,000 Tuman. Sound confusing? … It is!

Moreover, the only way to get money in Iran as a tourist is by bringing lots of cash (USD or Euros is preferred) and then exchanging it for Iranian Rials when you arrive. The reason is because there are no ATMs in Iran that cater to foreign banks.

If you are as confused reading this as I am typing it out, then this video will explain the confusing world of the Iranian Rial a little better.

Just curious, did you know anything about this before I made this video? Please share your thoughts on this below! And special thanks to G Adventures for hosting me on this life changing trip!

Music: Epidemic Sound

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Comments

  • If you enjoyed this video, then check out my Instagram for more inspiring travel stories from around the world! https://www.instagram.com/drewbinsky/

    Drew Binsky May 25, 2020 3:45 am Reply
  • Please make & keep things simple…
    Too confusing…
    ★Can't they have an easy way for money works???

    Do NOT Subscribe Me Please May 25, 2020 3:45 am Reply
  • Iran is terroristt don't forget

    COD Mobile Gameplays May 25, 2020 3:45 am Reply
  • In Algeria we have a similar thing but instead of taking out a 0 we add 2 ,so basically 10000 we call it 1000000 but for small digits like 1 w call it 20 for 5 we call it 100but 10 is a 1000.

    Hakim Boumaaza May 25, 2020 3:45 am Reply
  • Indonesian currency is also stupid like this

    pranay jadhav May 25, 2020 3:45 am Reply
  • In Romania with 800 dollars You can buy 36 milion Romanian money. It's the same system here, not that hard. We use to have 36 milion Romanian money, now they change it and 36 milion now is 3600 Romanian money, they removed 4 zero . But it's called the same. Only old people here are not used to it.

    Crembrulee 08 15 May 25, 2020 3:45 am Reply
  • Do you have Maldivian money ?

    aminath yooly May 25, 2020 3:45 am Reply
  • 🎉🎉💖

    Ken Fernandez May 25, 2020 3:45 am Reply
  • One country you forgot to visit…. "Kukiland"

    Badboy for life May 25, 2020 3:45 am Reply
  • I charge 7million per hour in Vietnam 😋

    Aileen Gaga May 25, 2020 3:45 am Reply
  • How big was the Vietnamese Dong

    Jener Sharma May 25, 2020 3:45 am Reply
  • What was so confusing in this… Basically 10 RIALS = 1 TUMAN

    Pichkalu Pappita May 25, 2020 3:45 am Reply
  • First of all thanks for the video Drew.
    I want to post an update to the video :
    In May 2020 Iranian parlement decided to finally change the currency to Tuman (So one zero here) and the new Tuman equals 10.000 current Iranian Rials (3 zeros here). So in the video you said the shopkeeper asked for 2 Tumans and he actually meant 20.000 Rials. The new currency will make that 2 Tumans official.
    I hope it helps us not to have the most confusing currency ever 👌🏻👌🏻

    ali kolahdooz May 25, 2020 3:45 am Reply
  • Most inflated currencies ever.Poor countries

    Tamojit Saha May 25, 2020 3:45 am Reply
  • Where is my Iran gang

    upbeats May 25, 2020 3:45 am Reply
  • that not correct 800$ will be at the worst exchange rate that is 1=18 14.4 melion not 25

    NemeSiS ss May 25, 2020 3:45 am Reply
  • You are gonna get shocked when you go to Venezuela.

    Eli Assaf May 25, 2020 3:45 am Reply
  • luckily in india we pay by mobile(phonepe and paytm)mostly

    Subramanian Chenniappan May 25, 2020 3:45 am Reply
  • I live in Oman 🇴🇲

    Jôkêr The Kîîłłer May 25, 2020 3:45 am Reply
  • wait, 25 million for 800 dollars? wow that was like 5 years ago, now it's worth 120 million. yeah honey repeat with me "INFLATION"

    Zxnith84 May 25, 2020 3:45 am Reply
  • Imma gonna buy Zimbabwe.

    afi umer May 25, 2020 3:45 am Reply
  • 1 month. u get paid $200. that's $6.70 a day. $46.7 a week. $186.7 a month. Eh? wait a minute

    Bertayar Kereta May 25, 2020 3:45 am Reply
  • 800 usd == 25 million Iranian rial 🤣🤣wow .

    Subramanian Chenniappan May 25, 2020 3:45 am Reply
  • It's literally confusing.🧐

    Aaron Blood May 25, 2020 3:45 am Reply
  • Not only the currency is confusing.. the nation itself a confusing… Muslim around the world pray 5 times.. and the pray 3 times….😅😅

    mad aly May 25, 2020 3:45 am Reply
  • I love Iran

    Harry Azmin May 25, 2020 3:45 am Reply
  • Now i realise am so so lucky to be born in india

    krishnajiify May 25, 2020 3:45 am Reply
  • Crazy Curency

    sahrul ramadan May 25, 2020 3:45 am Reply
  • Unbacked money (electronic or paper) is a scam. Part of a slave system to make populations slaves to the "printing" elit. Buy Bitcoin!

    Mr May 25, 2020 3:45 am Reply
  • I am confusion.

    Val Ivan Deocampo May 25, 2020 3:45 am Reply

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