Iran stops taxing foreign currency imports amid liquidity crunch
The Central Bank of Iran has a shortage of foreign currency and the United States is seeking to stop the flow of dollars into the country.
The Iranian government announced Friday that it is removing taxes on the importation of foreign currency.
Head of the National Tax Administration Davood Manzoor told customs offices to exempt foreign cash and money order imports from taxation. Any person or entity can now bring in foreign money without paying taxes on it until Nov. 21, the official Islamic Republic News Agency reported.
