Foreign banks can set up branches at Iranian Free Trade Zones (FTZs), Central Bank of Iran said on Tuesday.
CBI said that the decision is in line with and in the framework of the country's resistance economy to strengthen the country's FTZs.
It said that the decision was made following success of the government in international scene to strike a deal with the western governments aiming to attract foreign capitals and facilitate bank transactions.
It said that the Central Bank's decision also applies to the Iranian banks operating with non-Iranian currencies.
CBI said that supervision over foreign banks and disciplinary measures have been envisaged on the directives.