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Iran Parliament Bill on Regulation of Strait of Hormuz To Be Adopted

Alaeddin Boroujerdi, a member of the Committee on National Security and Foreign Policy of the Iranian parliament, said yesterday that a law on the new order of passage through the Strait of Hormuz will be adopted immediately after the resumption of the work of the Iranian parliament. “Many meetings were held to consider the legal and international aspects of the Strait of Hormuz Security Plan. This plan will be adopted as a binding law immediately after the opening of parliament and sent to the government for implementation,” the Mejlis quoted him as saying, reported TASS.

Boroujerdi said that the Central Bank of Iran has opened four special accounts, in Iranian rials, yuan, dollars, and euros, to collect fees for the passage through the Strait, but after the introduction of the digital currency infrastructure, it will be mandatory to make payments in rials.