Travelers can carry only 5000 euros

This week, the Central Bank announced that travelers abroad can carry up to 5000 euros in cash out of the country and sums greater than 5000 euros must be declared at the airport or border. Previously, travelers could carry up to 10,000 euros. Shargh writes that this change was made in order battle money laundering and remove the “invisible hands” from the currency market.

The Central Bank has also stopped paying interest to accounts belonging to government agency. Iran writes that prior to the budget bill of the current fiscal year, the process for paying interest to governmental accounts was illogical. The money stayed in banks and government resources were used to pay their interest. Now, with the exception of universities, insurance agencies, banks and bourse organizations, no interest will be paid to bank accounts belonging to government agencies.