Letter of Credit (Internal/Rial)

اعتبارات اسنادی داخلی ـ ریـالی

In order to facilitate internal trade transactions, MEB is ready to issue internal, sight/ deferred confirmed or unconfirmed letters of credit, in Rial, in favor of its customers, within the framework of Uniform Customs and Practice for Documentary credits, Publication No. 600 (UCP 600).
It should be noted that the contract for issuing L/C in Rial, with respect to the purpose of L/C applicant (whether to provide funds or not) and agreement concluded between the bank and the customer, could be in the form of Joa’aleh , Murabaha  or Istisna  (sight or on credit) contracts.