Panahi added:" The least amount needed for opening foreign currency deposit accounts is the equivalent of $1,000. The general terms and conditions are like Rial accounts. Also, it's possible to be renewed on demand of depositors at the end of the term."
"The interest is paid in cash or deposited in a new deposit account at maturity. Bank Melli Iran is bound to pay the principal of investment in foreign currency. Hence, people can make a safe investment from their foreign currencies at Bank Melli and recognize it as their trusted party. Moreover, applicants can refer to our foreign currency branches to get more information", he said.