Iranian authorities said in early 2022 that the national digital currency (CBDC) would be tested within the next 12 months. The Islamic Republic has been creating a token pegged to the rial since 2018.
The press service of the Chamber of Commerce and Agriculture reported that CBDC testing will begin as early as September 22.
The Central Bank of Iran expects to use the digital rial to push cash out of circulation and accelerate the digitalization of the payment infrastructure.