Iran Is Creating Its Own Digital Currency

January 13, 2022
banking

T he Central Bank of Iran and its subsidiary Informatics Services Corporation will launch a pilot for the central bank digital currency (CBDC) after the Nowruz (Iranian New Year) holidays in March, the ISC chief said.

'Informatics Services Corporation has developed the CBDC platform and over the past two years and the CBI has prepared the infrastructure,' Aboutaleb Najafi was quoted as saying by the ISC website,

A pilot model of the digital rial is ready, Najafi said, 'considering the substantial growth in payments during the last two months of the year, we decided to start the pilot experiment after the Nowruz holidays.'

financialtribune



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