Iran’s outbound passengers cut by 8.6 percent y/y

September 16, 2018

TEHRAN – The number of Iran’s outbound passengers has slumped by 8.6 percent during the first four months of the current Iranian calendar year (started on March 21) from a year earlier, Mehr reported.

Data compiled by the Cultural Heritage, Tourism and Handicrafts Organization shows the number of foreign tourists visiting the country surged 38 percent in the same period.

Over the past couple of months, the value of Iranian currency, the rial, has slumped sharply against foreign currencies due to U.S. sanctions, making it harder for Iranians to travel overseas.

On May 8, U.S. President Donald Trump withdrew Washington from the 2015 Iran nuclear deal and ordered restoration of sanctions against the country.

The first batch of sanctions was snapped back in August while the second, targeting Iran’s oil industry, is due to take effect in November.

AFM/PA

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