Is it possible to purchase Iranian Rial in China?

Is it possible to purchase Iranian Rial in China? - Free stock photo of adult, banking, election

A friend of mine in China is looking for a place to buy Iraian Rial (IRR).

I know that in the west Iran is financially blockaded so presume that this is one of the currencies that is not dealt with by money changing establishments.

But I wouldn't be surprised if China doesn't take part in the financial blockade. So do we know if it's possible to change CNY to IRR in China?



Best Answer

Bank Melli Iran has a branch in Hong Kong (surprisingly none in the mainland):

18/F Kam Sang Building

257, Des Voeux Road Central,

Hong Kong

Tel : +852 37614444

Fax : +852 28684692

Swift : MELIHKHH

Email : info@hk.mellibank.com

Tejarat Bank also has a representation office in Beijing:

Office C208, Beijing Lufthansa Center.

No. 50, Liangmaqiao Road, Chaoyang District, Beijing (100125)

Tel : (86-10) 84551116

Fax : (86-10) 84551117

E-mail : bt_beijingrep@tejarat-bank.com

Both should exchange IRR.




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Can China trade with Iran?

China's exports to Iran have experienced particularly rapid growth in the past five years, with China replacing Japan as the world's second largest exporter to Iran. Iran's imports from China rose by 360% between 2000 and 2005. China is now responsible for about 9.5% of all Iranian imports.

What is Iran China 25 year deal?

Under a draft of the 25-year agreement (signed on 24 June 2020 in Beijing) previously obtained by The New York Times, China is to invest US$400 billion in Iran's economy over that time period in exchange for a steady and heavily-discounted supply of oil from Iran.

Why Iranian Rial is the weakest currency?

The rial has remained the weakest currency as a result of sanctions that prevent Iran from exporting petroleum into the global market, partially due to political instability in the region.

Is the Iranian Rial still used?

Because of its extremely low value, the Iranian rial is not commonly traded in the foreign exchange market. Its forex symbol is IRR. The rial is scheduled to be gradually replaced by a new official currency, the toman, between 2020 and 2022.



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