The quota of travel currency was doubled (March 1402)

According to the latest confirmed news and according to the decision of currency politicization, the travel currency quota will increase. Foreign travelers who intend to travel to visa-free destinations such as Turkey and destinations that require a visa can apply for an approved government currency quota. We will check the details of this news.

Increasing the government currency quota for travelers abroad

With the announcement of the central bank, the travel currency for air travel has increased from 500 euros to 1000 euros in order to cover the foreign exchange needs of travelers in the last days of the year. According to this decision, passengers who travel by air to neighboring countries such as Armenia, Turkey, Iraq and similar can receive an amount of 1000 euros or dollars in government currency. This law does not include people who travel by land.

Receiving the type of currency (dollars or euros) depends on the two factors of the passenger's choice and the available currency of that day. The important thing is that government currency is not given to children under 12 years old and people living abroad.

The difference between the government currency rate and the free currency

The travel currency quota will be calculated based on the price of Iranian exchange center notes plus a 5% fee. For example, if in today's market of the exchange center, the dollar and euro bills are 42,920 and 46,532 tomans, respectively, the travel dollar and euro rates will be 4,5066 and 48,858 tomans, respectively. This amount has a significant difference compared to the exchange rate in the informal and free market.

Documents required to receive travel currency

• National card
• Birth certificate
• Passport (passport must be valid for at least 6 months from the time of leaving the country)
• Valid visa (if the destination requires a visa)
• Airplane ticket (Belize must be valid and have the information of the issuing company, date and time of purchase)
• Receipt for the payment of exit fees (the amount of exit fees will vary according to the number of foreign trips you make per year)
• Valid bank account (the bank account you declare to the government exchange must exactly match the name of the applicant)

Conditions and time of receiving travel currency

In order to avoid the possibility of misuse by people to seek profit and obtain foreign currency from real passengers, foreign currency cash is paid to passengers after the exit gate at the airport, and applicants, by presenting the declared documents, can go to the selected branches of Amel Melli, Mellat and Saman banks to receive remittances. Visit.

Is the increase in government currency quota permanent?

The received news indicates that the decision to increase the travel currency quota was temporary and was taken only to manage the currency demand in the last days of the year. It is possible that the travel currency quota will return to its previous form after the Nowruz holiday. Undoubtedly, increasing the travel currency quota will be very effective in reducing the demand for foreign currency in the free market.

Benefits of receiving travel currency

The price of travel currency is lower than the price of currency in the open market! This is the most important advantage of receiving foreign currency for travelers. According to policies, the travel exchange rate is always several thousand lower than the exchange rate in the open market. In this way, travelers who intend to buy dollars or euros can spend a few million less if they use their government currency quota. Of course, note that it is possible to receive travel currency for each person only once a year.

The next important point is that the type of currency that is paid to travelers depends on the dollar or euro balance of the exchange in addition to the request of the applicant.

A few points about the travel currency of March 1402

• The increase in government currency quota is only for passengers who travel by air.
• Government currency is not awarded to people living abroad.
• The applicant must apply personally to receive travel currency. For example, if a family of 4 or 5 people wants to apply for the travel currency quota, if all the people meet the age requirements, the documents of all 4 or 5 people must be submitted in full.
• If you have an expired passport, present it along with your new passport to receive travel currency.
• To receive travel currency, be sure to present your valid return ticket along with other documents.