Iran Central Bank Extends Use of Export Permits to Fund Eligible Imports Through Year-End

A Central Bank circular published on Sunday, 8 November 2026 (17 Aban 1405), allows exporters who filed customs declarations by 9 Khordad 1405 for imports of essential goods or production-line inputs to use currency proceeds from export permits dating from the Iranian year 1401 onward to fund those imports until 29 Esfand 1405.

Under the circular, if a permit's statutory 15-month repatriation period has expired, the exporter must first pay 5% of the unfulfilled commitment's rial value, calculated at the exchange centre's remittance selling rate on the payment date. Such expired permits do not qualify for tax incentives or exemptions for fulfilling the commitment, and the bank must obtain an undertaking. The extension does not waive the underlying obligation.