Foreigners’ Account Ceiling Raised
Economy, Business And Markets

Iran Raises Foreigners' Bank Account Limit

In its most recent meeting, the Money and Credit Council, a top financial decision-making body, has ruled to raise the ceiling set for the annual turnover of rial accounts allowed for foreigners in Iranian banks.

According to the ruling, foreigners will now be able to keep a yearly turnover of up to 5 billion rials ($130,000) in their accounts while the previous cap had been set at 1 billion rials ($25,800).

In mid-February, it was announced that for facilitating banking services provided to foreign investors, CBI has communicated a directive approved by MCC, which allows foreigners to open rial deposit accounts in the country’s banking network.

Short URL : https://goo.gl/yDYvMp
  1. https://goo.gl/9ubnXK
  • https://goo.gl/USchw2
  • https://goo.gl/JwfBfb
  • https://goo.gl/Hmv3PR
  • https://goo.gl/h1ia5o

You can also read ...

Tehran to Host Int’l Leather Expo
The Fourth International Exhibition of Bags, Shoes, Leather...
NSFund Helping Knowledge-Based Firms Growth, Export Agenda
Government-backed Innovation and Prosperity Fund (NSFund) has...
All devices that support Wi-Fi are most likely affected and users may want to be wary of using Wi-Fi at all until patches are widely rolled out
One more vulnerability that is now affecting practically...
TCCIM Director Masoud Khansari (C) made the keynote speech at the latest gathering of the influential business body on Oct. 17. (Photo: Saeed Ameri)
Tehran Chamber of Commerce, Industries, Mines and Agriculture...
Miyaneh Steel Complex’s DRI plant was the second producer to utilize PERED, which came on stream on Oct. 15.
Iran has long relied on its cheap energy costs and abundance...
Massoud Karbasian (1R), sitting across his Indonesian counterpart Sri Mulyani Indrawati in Washington, DC.  
Iranian Minister of Economic Affairs and Finance Masoud...
NDFI to Offer Loans Worth $2b to Exporters
The National Development Fund of Iran is to allocate a total...
92% Rise in N. Khorasan Exports Value
More than 310,000 tons of goods worth around $61.5 million...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.