• 11 April 2022 - 22:34
  • News Code: 131803

According to law of reforming the law of Anti-trafficking of goods and currency have been classified and contrary to the law, in 8 cases.

IBENA- Mohammad Bagher Ghalibaf, chairman of Islamic Parliament of Iran, announced in a letter to Hojjatoleslam Sayyed Ebrahim Raisi, President, law of reforming the law of Anti-trafficking of goods and currency.

According to this law, following cases are considered as currency trafficking:

  1. entry of currency into the country and departure of currency from where, without observing relevant rules that are determined by Monetary and Credit Council through legal authority.
  2. Any action to departure of currency from the country without observance of the rules that are determined through legal authority by the Council of Money and Credit.
  3.  Doing currency transaction in the country, under any title, such purchase, sale, remittance, exchange or peace, unless at least one of the parties to the transaction is an authorized exchange office, bank or financial and credit institution licensed by Central Bank.  The provision of this clause includes cases in which at least one of parties is in the country at the time of transaction.
    Trading by central bank license and in specified criteria of the bank is done by individuals, such as importers and exporters and traders in commodity exchanges, are excluded from this clause and clause d of this article.
  4. Any currency transaction by an exchange or other whose delivery of the currency and its exchange has been postponed to next day or days but does not lead to the delivery of the currency or there was no intention to deliver currency from the beginning and the parties only intended to settle currency price difference.
  5. Brokerage of currency services inside the country for overseas individuals, without licensing the exchange operations from central bank.
    Note - A broker is a person who receives traded currency in the country.
  6. Non- record currency transactions in currency system or incomplete or uncontrolled registration system in this system by exchange office, bank or financial institution licensed by central bank.
  7. Not providing a valid purchasing bill by presenting an invalid purchase bill or having incomplete information to customer by an exchange, bank or credit financial institution licensed by Central Bank.
  8. Supply, transportation or storage of currency without a credible purchase bills or without an entry permit by individuals other than an exchange office, bank or credit financial institution licensed by Central Bank. entry of currency into the country up to a which set by Central Bank is excluded from the clause. Currency owners are required to register information in the system during three months regarding the drainage of the law and the surplus on the amount of portable currency exemption and a non-billed bank.


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