In order to diversify banking services and to meet the FOREX needs of entities and individuals involved in agriculture sector and other ones , Bank Keshavarzi has put enormous efforts into developing international banking services.

Foreign Currency facilities of the Bank include the following:

• Production and entrepreneurship projects with economic and financial justification
• Focusing on foreign customers of Iranian industrial and engineering commodities in order to encourage non-oil and agricultural exports provided that the documentary credit of the customer’s correspondent bank is issued by an internationally valid and creditable bank or it is covered by a typical governmental insurance
• Financing foreign currency costs of productive and FOREX-generating projects in the hotel and tourism industry and other investment projects of service-offering sectors
• Procurements of trade centers in export markets of Central Asia and Caucasia
• Reconstruction and renovation projects of the textiles industries offered by the Ministry of Mines and Industries
• Investment projects in productive fields of industry in free trade-industrial zones and special economic zones

FOREX branches of the bank are prepared to buy and sell commercial, non-commercial and travelling foreign currencies at the managed floating rate under the instructions and regulations set forth by the Central Bank of I.R. Iran. The International Department is also capable of issuing Rial letters of guarantee against foreign currency guarantees in favor of its own customers. In addition, it is geared up to issue good performance bond, advance payment guarantee, retention money guarantee, guarantee for international tender (tender bond), counter guarantee for service and commodities exporters.

Services offered to customers at FOREX branches are as follows:

Granting FOREX facilities to foreign customers of Iranian products:
In order to encourage exporting and to finance foreign customers’ needs, the bank provides FOREX facilities for the purchase of Iranian products.
Buying and selling foreign currencies:
The entire bank’s customers including traders, businessmen, travellers, and even ordinary people can buy or sell foreign currencies at the managed floating rate under the circulars and regulations of Central Bank of I.R. Iran.
Opening Qard-al-Hassanah saving account, Qard-al-Hassanah checking account, and short-term or long-term deposit accounts:
Opening foreign currency accounts upon customers’ requests is only possible with the minimum balance of $100 for Qard-al-Hassanah saving account, $10,000 for Qard-al-Hassanah checking account, and $1000 for short-term deposit account.
Opening import documentary credit:
FOREX branches of Bank Keshavarzi have been equipped to meet businessmen’s needs through opening import documentary credit.
Accepting and performing export documentary credit:
In case of receiving export documentary credit in favor of Iranian exporters from foreign banking correspondents, all the required services are provided by FOREX branches.
Issuing foreign currencies and counter letters of guarantee:
Besides receiving foreign currencies letters of guarantee in favor of its own customers, Bank Keshavarzi is geared up to take any necessary measurements related to performance bond, advance payment guarantee, retention money guarantee, guarantee for tender (tender bond), counter guarantee, and is prepared to cash them upon the customer’s request and also to issue foreign currencies letters of guarantee in favor customers of commodities and services offered abroad.

Offering consultancy and guidance services to customers to facilitate international banking operations.

Granting facilities to exporters and producers out of the bank’s foreign currencies resources:
The Bank is prepared to provide the applicants with the requested facilities from the bank’s foreign currencies resources in order to smooth the process of exportation and importation.
Granting foreign currency facilities to producers out of the Foreign Currency Reserve Fund subject to Article 60 of the Development Act:
Iranian producers will be provided with required facilities for exporting fundamental products, upon their requests, out of the Foreign Currency Reserve Fund subject to Article 60 of the 3rd Development Plan.
Offering all FOREX services in free trade zones.