WANA (Apr 23) – The Central Bank of Iran has confirmed that revenues from transit fees in the Strait of Hormuz have been deposited, putting an end to media speculation about the type of currency used.

 

Information obtained by reporters from the Central Bank of Iran indicates that the revenue generated from fees charged to ships transiting the Strait of Hormuz has been paid into the bank in the form of cash currency.

 

Earlier, some media outlets had claimed that Iran was collecting these transit fees in cryptocurrency.

 

At present, the fees charged to vessels vary based on the type and volume of their cargo, as well as their risk level. These charges are collected solely in exchange for providing security services and apply only to ships that obtain permission from Iran to pass through the strait.