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Foreign Exchange

Complied with the FOREX regulations and by-laws issued by the Central Bank of the Islamic Republic of Iran, Bank Pasargad is prepared to process FOREX transfers as quickly as possible. We are able to proceed with our clients´ FOREX payment and transactions within the shortest possible time.

 

Buying of foreign currencies, whether transferred to our bank or being the balance of customers' accounts, is one of the services Bank Pasargad provides to its customers. In addition, foreign currency banknotes may be bought up to a maximum of USD 5000 or the equivalent in other hard currencies such as:

  • EUR
  • Pound Sterling (GBP)
  • Swiss Franc (CHF)
  • United Arab Emirates Dirham (AED)
  • Japanese Yen (JPY) (only in the form of funds to transfer not banknotes)

The sale of foreign currencies is regulated according to part three of the foreign currency current regulations issued by the Central Bank of the Islamic Republic of Iran.

Please note that Iran is endowed with laws and regulations relative to AML that are compliant with FATF´S recommendations. Our regulatory body requires our institution to have rules on AML and has issued recommendations concerning the concept of KYC (Know Your Customer). We have written procedures concerning AML that are applied to all our branches and subsidiaries.