What is the travel currency? Travel Currency Guide in Year 2

In today’s world, when foreign trips have become an integral part of everyday life, one of the important issues for travelers is providing the currency needed to travel. Given the sharp fluctuations in the free market, many people are looking for a way to reduce their foreign exchange costs on foreign trips. Travel currency is one of the best ways to supply currency at a lower price than the free market. But what exactly is the travel currency and how to get it? In this article, how will we thoroughly review this issue and explain all the steps and conditions of the travel currency in year 2.

What is the travel currency?

The travel currency as a currency aid is allocated by the central bank for those who intend to travel to foreign countries. The currency is much lower than the free exchange rate in the market. The purpose of providing travel currency is to reduce travel costs and facilitate travelers. The currency is typically offered in both euros and dollars, and passengers can turn it into their desired currency.

The difference between travel currency and free currency

One of the main differences between free currency currency is its rate. The price of travel currency is usually lower than the free market rate. For example, while the free dollar may reach high prices, travel currency is available at the central bank’s approved price. This price difference can be a great help to travelers and reduce their travel costs.

Who can get travel currency?

Receiving travel currency has special requirements that we will address below:

• Age: Travel currency belongs to people over 5 years old. Some banks have declared this age for 5 years, so people under the age of 5 cannot benefit from the currency.
• Number of travel: Each person can only use travel currency once a year. Therefore, if you are planning to travel several times a year, you should apply for each travel currency separately.
• Type of travel: The travel currency is only awarded to those who intend to travel abroad. This currency can be used for business, recreational and even pilgrimage trips.
• Passport and Visa: Passengers must submit a valid passport with at least 6 months of credit and if needed, the destination country visa.

The amount of travel currency per year 1

In recent years, the amount of travel currency has changed. For Year 2, the central bank has announced the amount of travel currency for different air and ground trips:

• Air trips to countries in need of visas or without a visa: For air trips to different countries (whether visa or without a visa), the amount of € 2 or equivalent is awarded to the dollar or other currencies to passengers.
• Ground and rail trips: For land and rail trips to foreign countries, the amount of 2 euros or equivalent to the dollar is intended.

These funds can change depending on the conditions of the destination country and the central bank’s policies. Of course, travel exchange rates are typically significantly different from the free market rate.

The price of travel currency per year 1

The price of the travel currency is regularly announced by the central bank and has changed minor changes on different dates. For example, on February 1, the dollar’s transfer rate was reported to be $ 1.2 and the Euro Return Rate was announced. These rates are usually lower than the free market rate, so travelers tend to benefit from travel currency.

How to get a travel currency

There are specific steps to get the travel currency to get carefully. Below, we will explain how to get a travel currency in detail:

1. Sign up on online systems

In the past, travel currency was only possible through currency remittances and banks or currency exchanges. But now the conditions for travel currency are easier and travelers can register through online systems. The “Iranian Currency and Gold Exchange Center” system (with Ice.ir) is one of the systems where travelers can register their travel currency. It is also possible to use mobile apps like “Yes”.

2. Refer to authorized banks

To get a travel currency, travelers can refer to one of the authorized banks such as National Bank, Nation or Saman. In these banks, after submitting the necessary documents and paying the currency, a currency remittance is issued that the passenger can receive at the bank’s airport or currency branches.

1. Get currency at the airport

Passengers can go to National Bank booths at various airports after receiving foreign currency remittances from the bank or online system. The travel currency at the airport is delivered in dollar or euro banknotes and is priced in accordance with the central bank’s approved rate.

The required documents to receive travel currency

In order to receive travel currency, passengers must submit the following documents:

• National Card: Principle and Copy of National Card to authenticate the applicant.
• Passport: Original and copy of a passport with at least 6 months credit for passengers.
• Plane tickets: Original and copy of a plane ticket or train/bus ticket for ground travel.
• Visa of the destination country: If you need a visa for travel, the original and copy of the destination country is required.
• Receipt: For foreign trips, the payment of exit tolls is also required.

Important Tips to Get Travel Currency

Only once a year: Each person can only receive travel currency once a year.
Refer to Bank or Online System: bYou must register from authorized banks or online systems.
The right time to get the currency: It is best to apply for travel currency at least 2 days before the travel date.
Age Restrictions: People under the age of 5 cannot receive travel currency.

Important Tips when receiving travel currency

1. Appropriate timing: One of the important things about getting a travel currency is that you have to act at least 7 days before the flight date. This is enough to complete the registration process, review the document and receive currency at the airport. Therefore, it is recommended that you have a more accurate planning for the currency and do not run away in the last days of your trip.
2. Get currency from the airport: Imam Khomeini International Airports in Tehran, Mashhad, Tabriz, Isfahan, Shiraz and some other important airports in the country have specific travel booths. After passing through the passport control gates, passengers can go to these booths and receive their currency remittances.
3. Travel currency for pilgrimage trips: If you are planning to travel to pilgrimage countries such as Saudi Arabia for the Hajj and pilgrimage, you should note that the conditions for travel currency are special for these types of trips. To get a special pilgrimage currency, you need to have your name in the Hajj and pilgrimage systems and have the relevant documents. This currency is usually allocated for pilgrimage trips such as Hajj, Karbala or Mashhad.
4. View travel exchange rates: Before you get a travel currency, it is best to find out about the latest travel exchange rate announced by the central bank. Some banks announce travel exchange rates online and on their site, which helps you choose the best time to buy currency.

The challenges and restrictions on the travel currency

Although travel currency can have many benefits for travelers, it may also have challenges and restrictions that are necessary for travelers:

Age limitations: Travel currency is only awarded to people over the age of 5. This means that if you have a child or teenager under the age of 5, you can’t get a travel currency. In addition, some banks have announced the minimum age of travel currency for 5 years.

Belonging only once a year: Each person can only use travel currency once a year. This limit, especially for those who travel abroad more than once a year, may have problems.

Requires complete documents: You must fully prepare all the necessary documents to get the currency. Failure to pay attention to the documents can delay the process of receiving the currency. In addition, you should keep in mind that some countries need a visa and without it you cannot get a travel currency.

Travel currency; A way to reduce costs

Travel currency is a allowance from the central bank that allows travelers to receive the currency at a lower rate than the free market. This currency is only awarded to people over the age of 5, and each person can only use it once a year. In year 2, the amount of travel currency for air travel is € 2 and for land trips € 2. The reception process includes online registration or visits to authorized banks and receives currency at the airport. By carefully planning and providing the necessary documents, you can benefit from this opportunity and reduce your foreign travel costs dramatically.