CBI to Launch Crypto-Rial

The Central Bank of Iran said it will launch its digital currency (CBDC) project in the near future.  
According to Mostafa Ghamari Vafa, head of the CBI public relations department, the crypto-rial is a new type of the national currency, like banknotes and coins, though it is completely digital.
"In crypto-rial transactions the entire value is transferred without needing to go through interbank clearance. For example, shopkeepers that accept the crypto-rial will immediately receive the amount," Eghtesadnews quoted him as saying.