Banks Will Pay Interest on Foreign Currency Deposits

Banks will accept forex deposits and pay interest in cash in the same currency, the Central Bank of Iran said. 
In a press statement posted on its website, the central bank said that the provision is available from April 30 and is in the framework of reforms to curb currency smuggling.
“If customers deposit foreign currency the bank is obliged to pay the same banknote on demand plus interest in cash in the same currency,” the regulator said.