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Forex Subsidy Policy for Tourists Facing Revision

Travel Currency Policy Facing RevisionTravel Currency Policy Facing Revision

Confirming rumors of an imminent change in the Central Bank of Iran’s policy to allocate subsidized currency to outbound tourists, the head of CBI’s Forex Policies & Regulations Department has said the decision on travel currency will be finalized in the next few days. 
“The central bank has made a new proposal to reform the method of travel currency payment, which is being reviewed at the economic headquarters of the government,” Mehdi Kasraei-Pour was also quoted as saying by IBENA. 
IRNA, however, quoted Ahmad Asghari, the head of Iran Chamber of Commerce, Industries, Mines and Agriculture’s Tourism Commission, as saying that the central bank has stopped allocating travel currency altogether from July 21.           
 

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