Unlike other types of electronic money in Iran, the digital rial doesn’t require interbank settlement to transfer funds between the buyer and the seller.
The Central Bank of Iran (CBI) is launching the national digital currency in a public pilot targeting domestic micropayments.
The CBI officially announced on June 18 the launch of a pilot scheme for Iran’s central bank digital currency (CBDC), the digital rial.
As part of the pilot, the Iranian digital currency will be available to banking customers and tourists on the island of Kish. The pilot will start on June 21, the first day of the calendar month of Tir.
