Are Banks Selling The Iranian Rial?

Many of our readers are anxious to buy Iranian Rials after the US Sanctions on Iran were lifted last weekend. We have been getting a lot of e-mails inquiring as to whether any of the larger chain banks are selling Iranian Rials.

After putting calls into Chase Bank, Wells Fargo, Bank of America, and Fifth Third bank, all banks who in the past had sold Iraqi Dinar currency, another not publicly traded exotic currency, it doesn't appear as of yet as if any US Banks are selling the Iranian Rials. Possibly some smaller community banks and credit unions however none of the major banks.

This leaves those looking to purchase Iranian Rials the option of buying from an online currency broker or dealer or eBay.