The Central Bank of Iran (CBI) announced a digital Rial would be deployed describing it as a cryptocurrency.
The IRR is not pegged. Local transactions occur in Toman which is 10% of the Rial.
VISA and Mastercard are not operational in Iran.
There is a very high level of mobile penetration in Iran. Hence the basic telecom infrastructure could exist for the intended CBDC.
“Digital Rial will be in form of a stable crypto currency and its value will be anchored to existing traditional paper Rial. The main difference is that its application environment will change.” CBI