Foreign Students' Dollar Rate in Iran Announced: How Many Tomans Is One Dollar Worth?

Foreign students' tuition in Iran is calculated at the banknote sale rate of the Exchange Mediation Center and deposited into university accounts, under a mechanism established by the new Cabinet resolution. At the current Exchange Mediation Center rate, the cost of studying for foreign students in some fields, especially medicine, will be substantial.

Foreign exchange tuition fees for foreign students in Iran are calculated based on the exchange rate of bank notes and transferred to the university account; A mechanism formed by the new resolution of the Council of Ministers. With the current rate of the exchange center, the cost of studying foreign students in some fields, especially medicine, will be significant.

Sefir Arjan-Economic Group: The foreign exchange tuition fee of foreign students in Iran is paid at the price exchange center's banknote sales rate and deposited into the university's account, which is currently around 180 thousand tomans per dollar in this center.

According to the decision of the Cabinet of Ministers, the selected banks were required by the Central Bank to receive the currency received from foreign students and other referents introduced by the universities and educational institutions and deposit it daily into the special currency account of these centers with the Central Bank.

Previously, in 2013, with the approval of the law regulating part of the government's financial regulations, universities and higher education institutions were allowed to accept foreign students and charge tuition fees to cover part of their expenses.

According to the new decree, the central bank is obliged to calculate the foreign exchange funds of the universities based on the selling rate of the currency exchange center and deposit them to their special income account according to the schedule announced by the treasury of the country.

Currently, the selling rate of dollars in the exchange center is 180,550 tomans and the selling rate of euros is about 202,000 tomans.

The tuition fees of foreign students in Iran are different according to the field and level of study, however, the tuition fee of an undergraduate student in medical fields is about 3000 to 7000 dollars per year, which will be about 541 million to 1 billion 260 million tomans at the dollar rate of the exchange center.

Hemmati said in the meeting of the country's virtual space media headquarters: "The dollar rate will decrease again."

More than 50,000 Iraqi students are studying in Iranian universities, and the authorities of the two countries have announced that they will follow up to remove traffic barriers and facilitate their study conditions.

The Central Bank announced: The importers and producers involved can pay a part of the cost of buying foreign currency with special bonds and they no longer need to provide full cash.