Iran to reportedly pilot central bank digital currency soon

Iran to reportedly pilot central bank digital currency soon

The Central Bank of Iran hinted at a possible CBDC pilot soon without elaborating on the time frame of the program. The Central Bank of Iran (CBI) is reportedly planning to launch a central bank digital currency (CBDC) pilot soon.According to a report by the Iranian Labour News Agency, the CBI vice governor said that CBDCs could help the country resolv financial inconsistencies. The development of a sovereign digital currency in Iran began in 2018 at the Informatics Services Corporation — the executive arm of the CBI. The development phase has been completed and a pilot will be launched....


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