Iranian rial will also have a numerical variation.
Iran has stated that it is developing an experimental digital currency. The information arrives a few months after the country has been banned from trading in digital currency, including Bitcoin. The Iranian central bank has banned local banks from trading with cryptools in May to prevent money laundering
However, the Minister of Information and Communication Technologies Mohammad Yavad Azari-Yahromi has said that the local project would not be affected, the Islamic Republic will become the second state after Venezuela with a similar project. "The ban on the central bank does not mean the prohibition or restriction of the use of digital currency for local development," he told the agency's Iranian press IRNA. The creation of a digital currency belonging to the state can be beneficial to strengthen the sanctions against the country. The United States plans to ban the purchase of dollars in Iran and impose sanctions on the oil trade, key to the Iranian economy
"We are trying to prepare the Use of the national digital currency in the country, "said Aliceza Dalyri. of the Technology Directorate of the Iranian Presidency. "This currency would facilitate the transfer of money to and from anywhere in the world, and it could help us to take sanctions," he said.
At the end of August, Iran should officially run and prohibit the exchange of money outside the banks
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