Economy...


Iran's economy is a mixture of central planning, state ownership of oil and other large enterprises, village agriculture, and small-scale private trading and service ventures. In 2011 GDP was $482.4 billion ($1.003 trillion at PPP), or $13,200 at PPP per capita. Iran is ranked as an upper-middle income economy by the World Bank. In the early 21st century the service sector contributed the largest percentage of the GDP, followed by industry (mining and manufacturing) and agriculture. The Central Bank of the Islamic Republic of Iran is responsible for developing and maintaining the Iranian Rial, which serves as the country's currency.

 

 

Money Chenger...

The Rial is the official currency of Iran; however prices are sometimes quoted in Toman. One Toman is equal to ten Rials. As a general guide, written prices are given in Rials and prices quoted in conversation are in Tomans. Central banks in provincial capitals are able to cash Travelers’ check for tourist use. ATMs exist in most cities, and there are pointof- sale devices in some larger stores, but only local bank cards are accepted, having a cash reserve (either rials or foreign currency) is recommended. 

Central banks in most cities will change money for you and the private exchange offices (sarāfi) scattered around most large cities and major tourist centers. The most widely-accepted currency is the US dollar ($), but euro (€) and UK Sterling Pound (£) are also widely used. Other currencies are harder to change. The maximum working week is 44 hours, with no more than eight hours any single day unless overtime compensation is provided. 


 

 

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