Forex trading is legal in Iran but operates under strict regulations administered by the Central Bank of Iran. The CBI is responsible for formulating and regulating foreign exchange policies and transactions in accordance with the Monetary and Banking Act (1). According to Central Bank circular number 315570/02 dated March 2024, foreign exchange obligation clearance is conditional on confirmation and the sale of goods at approved rates through distribution networks announced by the Ministry of Agriculture (2).
Iran operates a multi-tiered exchange rate system including an official rate set by the Central Bank for state transactions and essential imports, and a market rate reflecting the open market which is often significantly higher. The rate of hard currency in use upon the entry and exit of foreign capital shall be the same as the rate common in the country's official network or in the form of free rate as determined by the Central Bank of Iran (1). The CBI launched the NIMA platform in 2018 where exporters sell foreign currency earnings for rials to ensure the bank has enough currency for essential imports (2).
"The rate of the hard currency in use upon the entry and exit of foreign capital as well as all foreign exchange movement under a single parity rate, shall be the same as the rate common in the country's official network or in the form of free rate as determined by the Central Bank of Iran."
The Iranian government has intensified measures to control its foreign currency exchange market, with the Central Bank announcing that any unauthorized currency transactions and online advertisements are now considered a crime. Foreign investors can transfer the principle of foreign capital and associated interests abroad by giving three-month advance notification to the Foreign Investment Board and after fulfilling all obligations upon approval of the Board and confirmation of the minister of finance and economic affairs (1). The CBI enforces strict anti-money laundering and know-your-customer regulations to ensure transparency in all forex transactions (2).
Source:
https://investmentpolicy.unctad.org/investment-laws/laws/94/iran-islamic-republic-of-foreign-investment-law
https://www.intellinews.com/iran-central-bank-sets-new-conditions-for-foreign-exchange-obligation-clearance-382645/
Last updated: 15-10-2025 Disclaimer: This article does not provide legal advice. If you need legal advice, please contact an attorney directly.
