Iran Cuts Cheap Currency Rate for Travelers

Iran Cuts Cheap Currency Rate for Travellers

According to the latest decision taken by members of Iran’s parliament and confirmed by governor of the Central Bank of Iran, Iranian travelers cannot avail of cheap currency rates for their foreign trips.

“Base on the report by Mahmoud Bahmani, after this we will only pay cheaper currencies to those travelling to Saudi Arabia (for Hadj) and Iraq (for Atabat).” Head of the Development Committee of Majlis Ali Akbar Aghaei said.

“MPs offered Mahmoud Bahmani to cut paying cheap currencies to travelers. We decided to dedicate this bonus for religious travelers.” Abdolkarim Rajabi announced.

Mahmoud Bahmani, Governor of the Central Bank of Iran, also confirmed this news.

The current exchange rate of Dollar against Iranian Rial is 19,300 in free market. But the governmental rate of Dollar is only 12,260. Iran used to pay between $400 to $1500 to people traveling for tourist purposes. The total number of Iranian tourists has been decreased dramatically because of the high value of Dollar against domestic currency.

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