Following the implementation of new forex policies as part of which subsidized foreign currency for overseas trips will be phased out, the outbound travel market is expected to face a slump for a while but begin to pick up again at more reasonable costs, according to the Travel Agents Guild Association.
Akbar Ghamkhar, a member of the association, said foreign journeys will gradually become cheaper once the forex market stabilizes, ISNA reported.
"Even though those who have their travel plans just around the corner will incur losses, the costs of traveling abroad will gradually go down after a period of 10 to 20 days," he said.
Those heading for neighboring and distant countries could receive €500 and €1,000 respectively at the official rate, but the currency will be provided at free market rates as per the new package that was to take effect on Tuesday.
August 07, 2018 17:36
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More Orderly Shape Awaits Travel Sector
Even though those who have their travel plans just around the corner will incur losses, the new forex policy is expected to gradually reduce travel costs
Once enforced, those fake travelers who served the interest of other groups by proffering their allocated currency will be eliminated
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