Title: New Phase of Imported Vehicle Sales Launches with Official Banking Directive
Article:
Government Greenlights Imported Car Purchases with New Banking System
In a significant move to regulate and facilitate the purchase of imported vehicles, the Ministry of Industry, Mine, and Trade has issued an official directive to the nation’s agent banks. The order mandates the establishment of fiduciary (trust) accounts for citizens seeking to buy imported cars, marking the official start of a new registration phase within the country’s integrated sales platform.
Streamlining the Purchase Process
The directive, signed by senior official Mahmoud Ali Mohammadi Haji-Zadeh, instructs bank managers to provide the necessary infrastructure for opening these specialized accounts. This procedural step is a key part of the government’s structured approach to managing the import and sale of foreign vehicles, ensuring an organized and transparent process for consumers.
Clear Financial Guidelines for Buyers
According to the official communique, applicants are required to submit a formal request on official bank letterhead. The key financial requirement is the blocking of a 50 million Tomans deposit, which must be registered under the specific designation of “Imported Vehicle.” Banks are obligated to transparently report the details of these transactions in writing by the end of the day on Sunday, Azar 11, 1404 (corresponding to late 2025).
This latest development underscores the ongoing efforts to balance consumer demand with a regulated economic framework, providing a clear and official pathway for vehicle acquisition.