Iran Central Bank says travellers can enter, exit Iran with $160
Azerbaijan, Baku, Nov.12/ Trend G.Mehdi/
The Central Bank of Iran has announced that each traveller into and out of Iran can transfer just to the ceiling of five million rials (about $160) equivalent of money, ISNA reported.
According to the report, the $160 limit applies to both non-Iranians and local citizens.
Each traveller leaving the country is allowed to have maximum 150 grammes of gold jewellery which is the equivalent to an ordinary size necklace or bracelet, or a pair of earrings.
The Iranian parliament (Majlis) economic committee chairman Arsalan Fathipour has said that a considerable amount of gold has been smuggled out of the country.
Iran's oil exports, the lifeblood of its economy and the major source of revenue for the government have dropped sharply over the past year because of Western sanctions imposed over Tehran's disputed nuclear program.
In October, the Iranian Central Bank has set a $5000 limit on the amount of foreign currency travellers can bring or take out of the country, the Iranian Labour News Agency (IRNA) reported.
Those travellers who want to bring or take more than $5000 with them have to complete a foreign currency declaration at the entry or exit point to Iran.