Iran Customs Starts Implementation of the Decree on Foreign Currencies Held by Passengers

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Nourlaw.com-Tehran-27 November 2016- Following our citing of 12 November 2016 on the decree of the Central Bank of Iran (CBI) titled “New Rules Set for Import and Export of Forex by PassengersĀ and Transit Driversā€, ISNA News Agency reported today that customs offices nationwide are implementing the decree which allows passengers exiting or entering the country to hold USD 10,000 or its equivalent in other currencies without declaration. For more details please refer to the related 12 November item in this newsletter.