Toman or rial? Avoiding the tenfold mistake

One toman, ten rials

Iran's official currency is the rial, but the market and everyday speech count in tomans. One toman is ten rials: a price the market calls "a hundred thousand tomans" is "one million rials" on a bank statement.

Sarafi Iranian shows tomans

Every price, balance and amount on Sarafi Iranian's screens is in tomans, and wherever you type an amount in tomans, it says so next to the field. That is deliberate: a figure a customer reads as tomans with "rial" written beside it is an invitation to an order ten times the size intended.

Where you will see rials

• Bank statements and bank text messages: transfers are in rials. A deposit the bank's message calls "50,000,000 rials" is recorded at the exchange as "5,000,000 tomans".
• Bank forms and payment gateways: most of them ask for rials.
• Some price websites: some report in rials. Check the unit before comparing.

One simple habit

1. 1Before confirming any trade, read the final amount in tomans on the quote.
2. 2Compare it with your own rough figure: "about how many million tomans should this be?"
3. 3When depositing, divide the bank message's amount by ten and compare it with what was recorded.