28 Mar 2024
Saturday 22 September 2018 - 10:42
Story Code : 320262

Iran removes limit on gold, foreign currency imports


MNA The Central Bank of Iran (CBI) has eased currency rules and ordered the customs to allow merchants to bring foreign currency banknotes or gold into the country in a bid to curb further depreciation of the rial.







The Iranian government has eased foreign currency rules and has allowed licensedexchange offices and other persons to carry foreign banknotes and gold into the country after observing the costumes procedures and paying charges and value-added tax.

According to CBIs new rules, foreign currency in the form of banknotes can be carried into the country without limitation and after observing the countrys anti-money laundering rules and customs procedures.

With respect to gold in the form of jewelry, the CBI has allowed merchants to carry gold into the country after getting permission from the CBI and observing the relevant rules including paying value-added tax and customs procedures.

The CBI has also ordered the customs to allow the import of raw gold after getting permission from the CBI and observing rules including paying value-added tax.


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