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Iran Launches Central Bank Digital Currency Scheme With Local Banks And Shops

Forbes LogoForbes1 mo ago

Iran Launches Central Bank Digital Currency Scheme With Local Banks And Shops - Forbes

Quick Summary:

Bank Melli staff at the bank's stand at the 26th International Oil, Gas, Refining and Petrochemical ...[+] Exhibition in Tehran on May 13, 2022.

While cryptocurrencies have been extremely volatile over the past year, the value of CBDCs should not move around any more than a country’s conventional currency.

The UAE was also involved in another pilot scheme in 2021, the mBridge project with the central banks of China, Hong Kong and Thailand.


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Article Details

Author / Journalist: Dominic Dudley, Contributor

Category: EconomyFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-29 @ 17:49:55 (1 months ago)

News Timezone: GMT -5:00

Ranking: #1935 (out of 3355 stories this day)

News Source URL: forbes.com

Language: English

Article Length: 738 words

Reading Time: 5 minutes read

Sentences: 37 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Forbes

News ID: 628597

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Main Topics: EconomyFinance

Official Website: forbes.com

Update Frequency: 66 posts per day

Year Established: 1917

Headquarters: United States

News Last Updated: 14 hours ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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Publisher ID: #38

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