Iran’s Crypto Rial Project Enters Trial Phase

Iran’s Crypto Rial Project Enters Trial Phase

The pre-trial stage of the project to introduce a digital Iranian rial has been completed successfully, the country’s central bank announced. The authorities in Tehran plan to expand the use of the state-backed currency and integrate it into Iran’s payment system.

Iranian Government Prepares to Trial Its Digital Currency

The project to issue a digital version of the Iranian national fiat, also referred to as the “crypto rial,” is entering its trial phase, the head of the payment systems supervision department of the Central Bank of Iran (CBI) revealed this week.

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Quoted by the Monetary and Banking Research Institute (MBRI) of the regulator, Mohammad Reza Mani Yekta said, without elaborating, that the pre-trial stage has ended with certain achievements. He was speaking during a conference

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