Parliament Imposes Fines on Taking Currency Out of Iran

Parliament Imposes Fines on Taking Currency Out of Iran

The Iranian Parliament passed a law on Sunday according to which the plans to take foreign currency out of the country may be subject to forfeiture and will result in financial penalties.

In an open session of the Parliament on Sunday, the Iranian MPs ratified a measure as part of revision of the law on the fight against smuggling of commodities and currency.

According to the new law, bringing currency into Iran will entail a fine of up to double the equivalent amount of rials.

Moreover, if a person takes or tries to take currency out of Iran, he or she will have to pay a fine two to four times the equivalent amount of rials.

Subscribe
The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

LEAVE A REPLY

Please enter your comment!
Please enter your name here