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New Regulations on Forex for  Overseas Trips Help Fix Flaws
New Regulations on Forex for  Overseas Trips Help Fix Flaws
Saturday, August 11, 2018

New Regulations on Forex for Overseas Trips Help Fix Flaws

Saturday, August 11, 2018

New Regulations on Forex for Overseas Trips Help Fix Flaws

New guidelines by the Central Bank of Iran regarding the supply of foreign exchange for travel purposes have seemingly helped fix the flaws of the former misguided policy through creating a more efficient system despite jacking up the general cost of travel. 
The maximum amount of currency allocated to travelers to foreign destinations had been set at €500 and €1,000 for neighboring and distant countries respectively and $200 for Saudi Arabia at the official subsidized exchange rate and on a once-a-year-only basis. 
Pundits insisted that the subsidy should be eliminated to prevent the runaway outflow of foreign currency while others argued that the cap would cause trouble for those who might need larger sums such as health tourists. 

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08/11/2018
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