Currency transfers
One of the many problems of Iranian traders is the issue of transferring export currency due to Iranian banking sanctions. This problem has now made it impossible for Iranian traders to pay the foreign exchange amounts of their goods and trade duties in other countries, and they are also facing serious problems in obtaining foreign currency to buy goods from outside Iran. In order to transfer currency in business, there are various payment methods such as simple payment and remittance payment that are common. Currency transfer tools in international banking are also different. Therefore, currency transfer is a very specialized matter that requires familiarity with the banking laws between countries, so “Fardad Tejarat Behrad” company with full knowledge of the rules of legal currency transfers, It does this in the best way and at the lowest cost
One of the many problems in the trade debate is the issue of currency transfers due to Iranian banking sanctions. This problem has now made it impossible for Iranian traders to pay the foreign exchange amounts of their goods and trade duties in other countries, also foreign traders can not receive the proceeds from the sale of their goods in Iran and therefore to provide foreign exchange to buy goods From Iran, they are facing serious problems. In this series, we are fully acquainted with the laws of legal currency transfers and due to having strong connections in Iran and the Eurasian regions, we do this in the best way and at the lowest cost. We guarantee.
What are Currency Transfers?
Many traders and traders who have experience in the field of export and import, in addition to domestic trade, also make currency transfers in international trade. Of course, this route, in addition to its great profitability, also brings many problems. You must have enough experience in this field. Therefore, it is necessary, for example, to be fully familiar with how the currency is returned to the country and the payment methods. There are several companies that can guide you in this regard. Fardad Tejarat is one of the best companies in the field of foreign exchange transfers, which is ready to provide services to you dear ones.
What about currency transfers in business?
Export and import trade is very closely related to the banking system of different countries. Unfortunately, in recent years, due to sanctions, there has not been a suitable environment for currency transfers in trade, and this has caused many Iranian traders to face many problems in the field of exports and imports. There are various payment methods for foreign exchange transfers in the business, including simple payment or remittance payment.
A variety of payment methods in foreign exchange transfers
Another issue that is very important in the field of currency transfers is the choice of payment method. Choosing the right payment method is an issue that should be considered by an experienced consultant. Dear ones, you can benefit from the experiences of Fardad Tejarat in this field. Many merchants use several payment methods, each of which we will briefly describe below.
Open account trading
This method of payment is somewhat less risky for buyers; In this business method, based on the agreement reached between the seller and the buyer, the amount of different goods is transferred to the seller’s account in several stages and at different time intervals. The open account payment method is usually used between people who have complete trust in each other. Although foreign exchange transfers are not a legal problem with open account trading, they are more of a hassle for sellers; Because they have to send their goods ready to a special customs.
The method is simple for you
The name is one of the useful documents in currency transfer in your trade that many buyers use this document to pay the seller. In this method, after sending and clearing the goods through customs, the seller must send a document to you to the buyer with special conditions written on it. Based on the same conditions, the buyer will deposit a certain amount to the seller’s account at a specific time. This method, like open account trading, has less risk for buyers and more risk for sellers; But it is a safer method than open source trading.
Remittance payment method
One of the most risky methods in foreign exchange transfers is the use of remittance payment method. Remittance payment is such that the buyer must pay the full amount of the goods before the seller can send the various goods. As it is known, in this method, trust plays the first role. If the parties do not trust each other, the seller may ask for more money or even do not send the desired goods and he will not take any risk.
Document credit payment method
One of the most popular payment methods in business is letter of credit method; Currency transfers in business with this method largely create a reasonable balance between buyer risk and seller risk and is a more reliable method. In this method, the bank acts as an intermediary, so that the seller must present the document of transfer of his goods to a bank in his country and deliver his goods in return for the desired amount.
How to return the currency from trade to the country
As we mentioned in the previous sections, one of the main concerns of traders and traders in the field of export and import regarding currency transfers is how to get the currency from international and export activities into the country. Return the country? In recent years, currency fluctuations in the country have been very high, and many traders have faced many problems to return the currency from exports. In the following, we will introduce to you the domestic laws that have been formulated in order to receive money from foreign customers and return the foreign exchange earned from exports to the country:
Traders can enter the export money in the form of banknotes into the Sana system.
• Traders can deposit export earnings into their foreign currency account.
• Various traders and traders can spend their export money on their foreign currency debts abroad.
Traders can also re-enter export earnings into their foreign exchange transfers. For example, they can use this money to import various other goods.
Currency transfers in trade with neighboring countries under the above laws are generally done in a favorable manner. Unfortunately, given the current state of sanctions, the issue of currency transfers in trade with some other countries has become a bit more difficult and is only possible through various intermediaries.
Company benefits Fardad Tejarat Behrad
Identifying appropriate target markets and using knowledgeable and capable professionals in international trade is one of the key elements in all trade relations. “Fardad Tejarat Behrad” company with official presence in different regions of Iran, Russia and Eurasian countries and having several branches, comprehensive and complete knowledge of the characteristics of Russian markets and Eurasian regions as well as information about distribution networks in these countries, holding international exhibitions and Comprehensive and complete knowledge of law, investment and international trade, and with complete mastery of the language of these regions, guarantees and facilitates trade with Russia and the Eurasian regions. And provided by distributors
