Iranian Parliament mulls end to its foreign exchange for travellers
2012-07-19 19:43PrintViews1847 Font Size: Bigger‌Smaller

Iranian Parliament mulls end to its foreign exchange for travellersKURDPA: Iranian Parliament is reviewing a plan to stop providing foreign currency to travellers at the official bank rate, the Mehr News Agency reports.


While the official exchange rate for Dollar is set at 12,260 rials by Iran's Central Bank, the open market rate is hovering around 19,000 rials.

Arsalan Fathi Pour, the head of Parliament's Economic Commission, told Mehr that stopping the sale of foreign currency to travellers will be considered as part of "Parliament's economic package to improve the economic situation of the country."

He said, however, that the package was still a work in progress.

According to statistics offered by the head of Parliament's Economic Commission, Iran's economy loses $10 billion each year because travellers take it out of the country "and that has no economic justification."

Iranians leaving the country by air are allowed to take up to $1,000 with them, acquired at the official bank rate of 12,260 rials.

The rial has recently been in free fall against foreign currencies and, according to the latest exchange rates, it is being traded at 19,120 rials to the dollar on the open market.

The head of Parliament's Economic Commission said providing foreign currency at bank rates must be stopped, and travellers need to get the funds for their trip on the open market.
Balatarin

Latest News


1398/01/05 - 2019-03-25 - 18:43

Two young Kurds arrested in Marivan

1398/01/03 - 2019-03-23 - 14:08

A young Kurd arrested in Divandarreh

1398/01/02 - 2019-03-22 - 12:27

Kurdish civilian activist arrested in Sanandaj

1398/01/01 - 2019-03-21 - 11:07

A Kurdish citizen was arrested in Piranshahr

1398/01/01 - 2019-03-21 - 11:06

A Kolbar was wounded at the Nowsud border

1397/12/29 - 2019-03-20 - 15:38

Kurdpa Agency\'s congratulation massage on New Year

1397/12/28 - 2019-03-19 - 17:47

Malakshahi\'s Nowruz Celebration was canceled

1397/12/26 - 2019-03-17 - 15:50

Satiari welcomed Nowruz

1397/12/26 - 2019-03-17 - 15:49

A young Sanandaji guy was arrested in Divandarreh

1397/12/26 - 2019-03-17 - 09:49

An environmental activist was arrested in Ramsar

1397/12/25 - 2019-03-16 - 09:47

Beatings a Kurdish Kolbar on the Nowsud border