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Exporters and importers dealing with Iran face foreign exchange rules that change often and affect pricing, payment terms and contract risk. PAD International Group helps businesses understand the current framework and build contracts that cope with it.
Exporters
- Repatriation of export proceeds: Iranian exporters are generally required to return foreign currency earned from exports to the country’s official exchange system within periods set by the Central Bank of Iran. This is commonly called settling the currency commitment.
- Consequences of non-compliance: exporters who do not settle can face restrictions on future export licences, tax incentives and banking services.
- Contract terms: payment methods and timing in export contracts should match what the exporter can actually comply with.
Importers
- Access to currency: importers obtain foreign currency through the official channels designated by the Central Bank, and the rate and priority depend on the type of goods.
- Registration: imports must be registered in the government’s trade systems before currency can be allocated.
- Timing risk: delays in currency allocation can affect delivery and payment deadlines, so contracts should deal with them expressly.
Contract protection
- Price and currency adjustment clauses.
- Force majeure and hardship wording that addresses currency and banking restrictions.
- Clear payment routes and documentary requirements.
- Dispute resolution and enforcement planning; see arbitration clause drafting.
Because the rules are amended frequently by Central Bank directives, specific transactions should always be checked against the rules in force at the time.
Trading with Iran? Ask a question or book a consultation, or return to banking and foreign exchange in Iran.
General information only, current as of November 2026. It is not legal advice for a specific matter.