🚀 Iran is gearing up to launch its own central bank digital currency (CBDC), the digital rial, as announced by CBI governor Mohammad Reza Farzin. At a banking conference, he highlighted Iran's digital prowess and commitment to innovation despite sanctions.
- The digital rial, in development since 2018, uses Hyperledger Fabric tech and has completed its "pre-pilot" stage.
- A retail CBDC pilot kicked off in June on Kish Island, a tourist hotspot.
- Iran is also shaking up global trade by integrating with Russian MIR, replacing SWIFT, and eyeing BRICS collaboration.
Stay tuned for Iran's digital currency adventures!