Iran Begins Central Bank Digital Currency ‘Crypto Rial’ Pilot Today

Iran Begins Central Bank Digital Currency ‘Crypto Rial’ Pilot Today


The Central Bank of Iran (CBI) has reportedly begun a pilot for its central bank digital currency (CBDC), also known as “crypto rial.” Iran’s chamber of commerce explained that the “crypto rial has been designed in a way that is easy to track, and even if the data on the smartphones are hacked, the crypto rial can be tracked.”

‘Crypto Rial’ Pilot Launches Today

The Central Bank of Iran (CBI) announced Wednesday that it will begin “the pilot launch of crypto rial” on Thursday, according to Iran’s Chamber of Commerce, Industries, Mines and Agriculture.

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Crypto rial refers to Iran’s central bank digital currency (CBDC). The Iranian central bank previously explained that “the aim of designing the crypto rial is to turn banknotes into a programmable

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