Change in Student Currency Rules

The Central Bank of Iran said in a statement that hard currency for students at the official rate will be paid only for the first academic half-year of 2018. Thus, students will receive the currency that they need only until Sept. 22. After this deadline, foreign currency will be paid to students studying abroad at the market rates through two banks, the bank’s website announced. In April, CBI announced that students are only allowed to take $15,000 out of the country through selected agent banks–Tejarat and Saman–and on the basis of open market rates. “The sale, transfer and payment of foreign currencies for students’ living expenses up to a cap of $1,000 per person and $500 for each family member a month” are also strictly allowed at open market rates and through the two aforementioned banks, IBENA had reported at the time.