Powered by WPeMatico
Category: us sanctions iran
Auto Added by WPeMatico
Central Bank of Iran Official Says Cryptocurrencies Have ‘Made No Contribution to Bypassing Sanctions’
An official with the Central Bank of Iran (CBI) has claimed that cryptocurrencies have played no significant role in Iran’s sanction hit economy. According to Mohammadreza Mani Yekta, the deputy head of CBI’s office for payment systems, “studies” have shown that digital currencies have “made no contribution to bypassing the sanctions.” The unenthusiastic assessment of […]
The post Central Bank of Iran Official Says Cryptocurrencies Have ‘Made No Contribution to Bypassing Sanctions’ appeared first on Bitcoin News.
Powered by WPeMatico
Iran to Cut 4 Zeros From Its Currency Amid Chronic Inflation and US Sanctions
Iranian lawmakers have reportedly approved a plan to slash four zeros from the national currency, the rial, which has been falling sharply in value amid chronic inflation and the U.S. sanctions. The official currency will also be replaced. Economists are skeptical about how the changes will affect the Iranian economy. Cutting 4 Zeros From the […]
The post Iran to Cut 4 Zeros From Its Currency Amid Chronic Inflation and US Sanctions appeared first on Bitcoin News.
Powered by WPeMatico