Iran releases unlimited currency inflows
Iran's Supreme Economic Coordination Council allowed unlimited foreign exchange inflows into the country and exempted gold imports from paying tolls and value-added tax.
The entry of foreign currency into the country by individuals and entities in the form of banknotes is allowed without restriction in accordance with the regulations of Iran's Central Bank and the regulations for combating money laundering.
The import of precious metals (gold, silver, and platinum) in raw form is exempt from all rights, legal fees, and VAT in accordance with the rules of the Central Bank.
With the approval of Iran's Supreme Economic Coordination Council, the validity of the decision will be until March 2021.
The decree of Iran's Supreme Economic Coordination Council was announced by the President to the Minister of Economic Affairs and Finance, the head of the Ministry of Industry, Mines and Trade, and the head of the Central Bank.
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