Iran’s Central Bank (CBI) has authorized banks to issue debit cards for foreign visitors, aiming to enhance tourism by simplifying payments. According to a Tasnim news agency report, tourists can now convert foreign currencies into Iranian rials at CBI-approved rates, deposit funds into card-linked accounts, and use them for goods and services. Upon the card’s expiration, any remaining balance is converted back to the visitor’s currency, eliminating the need to carry large amounts of cash.
Previously, foreign tourists faced challenges exchanging currencies at unfavorable rates and managing cash, increasing inconvenience and risks. The CBI’s decree, approved in November 2024, addresses these issues but may face hurdles as the official exchange rate is 20-30% lower than the free market, potentially deterring some visitors. The measure follows a recent incident in Tehran where a tourist fatally stabbed a guide over a currency exchange dispute, underscoring the urgency of safer payment options.
By offering debit cards, Iran aims to make its 23,000 historical sites and diverse attractions more accessible to international travelers, aligning with efforts to boost domestic tourism, which saw 36 million trips during Nowruz. While the initiative strengthens Iran’s appeal as a travel destination, its success hinges on addressing exchange rate concerns to ensure widespread adoption among foreign visitors.
