Financial Tribune - The Iranian Hoteliers Association is reviewing its pricing policy to allow hotels to offer a double-currency payment system, a move aimed at mitigating the fallout from a volatile currency market.

It is customary for hotels in Iran to only charge in the local currency rial, which has suffered a sharp depreciation in recent months.

"In view of the fluctuations in the value of the rial and the problems it has posed to foreign tourists regarding the hotel room prices, we are considering a double-currency system," the director of the association, Jamshid Hamzehzadeh, told Mehr News Agency on Saturday.