CBI to Launch Digital Rial Pilot

The Money and Credit Council has approved a proposal by the Central Bank of Iran for minting a digital rial as a central bank digital currency (CBDC), CBI deputy governor for innovation technologies said. 
"Hopefully we will soon launch the pilot phase of the plan. We are looking at several potential impacts of the new technology on the state, citizens and economic indices," Mehran Moharramian was quoted as saying by the CBI website. 
Earlier the CBI said it was developing a national cryptocurrency to promote financial and payment services in the domestic banking industry via the inter-bank and the micro-banking level.