Commercial Currency Market Settlement Period Extended

The Central Bank of the Islamic Republic of Iran has amended the Commercial Currency Market Transactions Directive, extending the settlement period from 7 to 10 business days and revising the text of Articles 21 and 22.

Effective from: 14 May 2025
Issued by: Central Bank of the Islamic Republic of Iran
Reference: No. 04/40425

The Central Bank of the Islamic Republic of Iran has amended its Commercial Currency Market Transactions Directive, extending the settlement period for transactions in the commercial currency market from 7 business days to 10 business days.

Alongside this change, the text of Articles 21 and 22 of the directive has been revised accordingly, as set out in the amended directive issued by the Central Bank. Market participants relying on the commercial currency market for order registration and related trade transactions should apply the revised 10-business-day settlement period.

Key Details

Approval authority: Central Bank of the Islamic Republic of Iran
Responsible organization: Not specified
Classification: Circular
Affected procedure: Order Registration
Document number: 04/40425
Unique identifier: 404022356045
Document date: May 9, 2025
Publication date: May 13, 2025
Effective date: May 14, 2025
Expiration date: Not specified

This summary is provided for orientation only. The official Persian text issued by the relevant Iranian authority is the governing version.