8 July 2017

CBI Official rates TEHRAN 8 July 2017 (Source: CBI Website)

Currency Rate
USD 32,558
JPY100 28,588
EUR 37,115
GBP 41,970
CHF 33,760

Open market rates for major foreign currencies
Tehran, 8 July 2017 (Source: Mehr News Agency)

Currency Rate
US Dollar 37890
(EU) Euro 43620
British Pound 48920

* CBI = Central Bank of the Islamic Republic of Iran

12 June 2017

CBI Official rates TEHRAN 12 June 2017 (Source: CBI Website)

Currency Rate
USD 32,456
JPY100 29,432
EUR 36,363
GBP 41,399
CHF 33,499

Open market rates for major foreign currencies
Tehran, 12 June 2017 (Source: Mehr News Agency)

Currency Rate
US Dollar 37290
(EU) Euro 42480
British Pound 48500

* CBI = Central Bank of the Islamic Republic of Iran

23 April 2017

CBI Official rates TEHRAN 23 April 2017 (Source: CBI Website)

Currency Rate
USD 32,439
JPY100 29,739
EUR 34,791
GBP 41,574
CHF 32,577

Open market rates for major foreign currencies
Tehran, 23 April 2017 (Source: Mehr News Agency)

Currency Rate
US Dollar 37520
(EU) Euro 40930
British Pound 41570

* CBI = Central Bank of the Islamic Republic of Iran

21 January 2017

CBI Official rates TEHRAN 21 January 2017 (Source: CBI Website)

Currency Rate
USD 32,362
JPY100 28,241
EUR 34,631
GBP 40,053
CHF 32,290

Open market rates for major foreign currencies
Tehran, 21 January 2017 (Source: Mehr News Agency)

Currency Rate
US Dollar 38250
(EU) Euro 42570
British Pound 48260

* CBI = Central Bank of the Islamic Republic of Iran

1 January 2017

CBI Official rates TEHRAN 1 January 2017 (Source: CBI Website)

Currency Rate
USD 32,375
JPY100 27,679
EUR 34,056
GBP 39,955
CHF 31,774

Open market rates for major foreign currencies
Tehran, 1 January 2017 (Source: Mehr News Agency)

Currency Rate
US Dollar 38550
(EU) Euro 41750
British Pound 48360

* CBI = Central Bank of the Islamic Republic of Iran

2 January 2017

CBI Official rates TEHRAN 2 January 2017 (Source: CBI Website)

Currency Rate
USD 32,399
JPY100 27,723
EUR 34,085
GBP 40,008
CHF 31,768

Open market rates for major foreign currencies
Tehran, 2 January 2017 (Source: Mehr News Agency)

Currency Rate
US Dollar NA
(EU) Euro NA
British Pound NA

* CBI = Central Bank of the Islamic Republic of Iran

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 Passengers and Transit Drivers”, 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.

Application for Import of Certain Goods Should be Registered with Iran National Trading System

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Nourlaw.com-Tehran- 22 November 2016- The Iran National Trading System (INTS) authority declared that as from today, importers of certain goods should first register preliminary applications with INTS (https://www.ntsw.ir/Default.aspx). The goods falling under the decree of INTS are those specified under the chapters 14,43,46,81,88,89,92 and 97 of the Export & Import Regulations Book. They are:

Chapter 14: Vegetable plaiting materials; vegetable products not elsewhere specified or included
Chapter 43: Fur skins and artificial fur; manufactures thereof
Chapter 46: Manufactures of straw, of esparto or of other plaiting materials; basketware and wickerwork
Chapter 81:  Other base metals; cermets; articles thereof
Chapter 88: Aircraft, spacecraft, and parts thereof
Chapter 89: Ships, boats and floating structures
Chapter 92: Musical instruments; parts and accessories of such articles
Chapter 97: Works of art, collectors’ pieces and antique

In the decree it is stated that the applicants whose pro forma invoices also include goods under other chapters, should refer to sabtaresh.tpo.ir  as before. The site is managed by a department which is part of the state-run Trade Promotion Organization of Iran and  is charged with receiving and approving the applications for the import of goods.

INTS is a trade window which acts as an interface between Customs Single Window, Transport Single Window, Permits Single Window and Foreign Exchange Single Window. It functions for consolidation of cooperation between different government agencies and facilitating foreign trade through an integrated online system. INTS is connected to the Ministry of Industry, Mine & Trade and was formed in compliance with legislation such as the Electronic Trade Law, the Law of Sustainable Improvement of Business Environment, the Law of Combating Smuggling of Goods and Foreign Exchange, as well as a number of related governmental decrees.

Code Faragir is Required by Foreigners Domiciled in Iran–What is It?

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Nourlaw.com-Tehran- 26 November 2016- Code Faragir (comprehensive code) is an identification number issued for foreigners living in Iran. With respect to taxation matters and establishing companies in Iran, foreign nationals, whether natural or juridical persons, must be in possession of this ID number.

According to Article 1 of the Implementation Regulation of the Law on Combating Money Laundering, it is mandatory that Code Faragir be obtained by foreign nationals working in Iran. The Tax Affairs Organization, Ministry of Foreign Affairs, and Companies’ Registry are the bodies responsible for issuing the code.

Foreign nationals may apply online for getting this ID number through the website:

http://irsherkat.ssaa.ir/Design/RqstAdmission/PervasiveCodeAllocation.aspx?Id=17

For obtaining the code, the following information is required:

Information Needed for Obtaining Code Faragir of Juridical Foreign Entities 

Persian Name:
English Name:
Registration Number:
Registration Date:
Country of Registration:
Ownership Type:
City:
Company Activity:
Company Address:
Tel:
Fax:
Email:

Information Needed for Obtaining Code Faragir of Foreign Natural Persons 

First Name:
Last Name:
Father’s Name:
Birth Date:
Country of Birth:
Nationality:
Gender:
Passport Number:
+ An ID photo (Valid format of files is “jpeg” and maximum size of file is 100k)
+ Copy of Passport (Valid format of files is “jpeg” and maximum size of file is 100k)

National Fund for Environment Created

Nourlaw.com- 25 December 2014- As published today in the Official Gazette,
the Council of Ministers has approved the articles of association of the
National Fund for the Environment in line with Article 187 of the Fifth
Development Plan of Iran.

According to Article 1 of the Articles of Association, the fund has been created
for “assisting the decrease of pollutants in the environment, preventing deterioration of the environment and preservation and protection of the environment for the purpose of safeguarding, revitalization and sustainable exploitation of the environment, its natural resources and ecological diversity”.

The fund is a non-governmental institute affiliated to the Department of the Environment of Iran. It has an independent juridical personality and is allowed to set up subsidiary companies and credit institutes within the scope of its mandate. The credit institutes shall
extend financial facilities to applicants in relation to its duties and goals for preserving the environment and promotion of eco-tourism.

The initial capital of the fund is 10 billion rials and is to be increased to 50 billion rials through the allocation foreseen in the National Budget of
1393 (2015). Other financial sources foreseen for the fund in performing its tasks include statutory aid of the government, financial assistance and donations of domestic
non-governmental natural and juridical persons, foreign and international aid and donations, revenues accruing from the activities of the fund
and its subsidiary units, other revenues and financial resources generated through the related laws and regulations.