Iran Extends Unrestricted Import of foreign Banknotes, Gold, Silver and Platinum

Nouraei & M. Mostafavi Law Offices – 23 June 2021-Tehran- The High Council of Economic Coordination, a legislative body composed of the President, Speaker of the Parliament, and the Head of Judiciary, has extended the time of validity for a specific decree until the end of the current Iranian year of 1400 (21 March 2021-20 March 2022). The ruling ratified three years ago stipulates that import of unlimited amounts of foreign currency in the form of banknotes is free and bringing in any quantity of raw gold, silver and platinum is allowed without payment of any custom duties and value-added tax (VAT).

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