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Iran: Domestic Airfares in Limbo Amid Currency Allocation Disarray

Iran's local and international air travel costs have exponentially surged in recent months on the back of inflationary effects caused by the currency crisis
Iran: Domestic Airfares in Limbo Amid Currency Allocation Disarray Iran: Domestic Airfares in Limbo Amid Currency Allocation Disarray

Despite claims by the Central Bank of Iran, air travel agencies say they have yet to receive their foreign currencies at the cheaper rates offered in the government's system designed to meet currency needs. 
This has led to confusion surrounding airfares, as a two-tiered pricing system may emerge for local flights.
On Oct. 31, the CBI released a statement on its official news website announcing that meeting the true foreign currency needs of the society has always been on its agenda and it has strived to fulfill its mandate in recent months.

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