Outbound travelers on pause over currency

Financial Tribune- The Central Bank of Iran has asked outbound travelers to postpone their trips until new reforms in forex policies are fully enforced. Valiollah Seif, the CBI governor, made the statement in a talk with reporters on the sidelines of the inauguration of the Forex Deals Integrated System, IRNA reported.

He, however, noted that “the government has no commitment to increase the permitted amount of travel currency”. As per the new forex rules, travelers to foreign destinations can receive up to €500 or its equivalent in other currencies for the Commonwealth of Independent States and neighboring countries (except Iraq and Saudi Arabia) and up to €1,000 for other countries. The tourism community has complained that the designated sum is too small for an outbound trip.