CBI Eases Forex Rules for Int’l Exams
EghtesadOnline: Candidates attending international exams are eligible to apply for foreign currency at the official rate, the Central Bank of Iran said in a letter to the National Organization of Educational Testing.
“In the letter, CBI has announced that the 42,000-rial dollar could be allocated to those seeking to sit international exams,” the NOET head, Ebrahim Khodaei, said on Monday. The exam candidates are required to register through domestic institutions responsible for running the examinations on behalf of the international organizers, IBENA reported. “As per the letter, NOET should introduce the relevant institutions to CBI to receive foreign currency allocable to each registered candidate,” Khodaei added. The government sought to contain a crisis in the foreign exchange market in early April that saw the rial plunge to an all-time-low against the dollar by enforcing a single exchange rate of 42,000 rials against the dollar and banning trade at other rates, Financial Tribune reported.