VOL. XXXVIII

NO. 23

6-MARCH-1995

Financial and Banking News

Legislation/Regulation

Iran Tightens Foreign Exchange Rules

Iranians traveling abroad will be able to buy foreign exchange only in thetransit area of Tehran Airport, under new rules announced by the Central Bank on1 March. Travelers will also have to present an aircraft boarding card. The moveis aimed at preventing people who are not traveling from buying foreign exchangeat the preferential travelers' rate. Travelers may buy up to $1,000...