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Iran to Launch Public Pilot for Digital Currency on Kish Island
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The Central Bank of Iran (CBI) formally unveiled on June 18 the public pilot launch of the digital rial, the nation’s central bank digital currency (CBDC). The pilot program is scheduled to debut on June 21, marking the beginning of the Iranian calendar month Tir.
As officially announced, the public rollout of Iran CBDC will take place on Kish Island, a popular tourist destination in the Persian Gulf known as a free trade zone where visitors from many countries can enter visa-free.
The digital rial will enable users on the island to make cashless transactions by simply scanning a barcode, eliminating the need for physical currency or bank cards. The public rollout builds upon a successful pilot program launched in 2023.
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