A unified digital currency for Russia and Iran? The digital rubl
According to news from Russia, the unified digital currency between Russia and Iran may be implemented before the end of the year, which means that the bilateral local currency settlement between Russia and Iran has taken a big step forward and has reached the threshold of a unified digital currency. Not long ago, the Central Bank of Russia announced that it would officially launch the digital ruble pilot project on April 1. It seems that not only Russia has its own digital currency, but also Iran has been tied to it. The unified digital currency of the two countries has not appeared since the advent of CBDC. However, maybe Russia and Iran can come up with something new and let the world continue to explore new directions
To say that Iran's strength is limited, especially its high-tech strength is even more limited. The best technology at present is to provide drones to Russia. This is still developed on the basis of capturing American drones, but Iranian drones are indeed more useful. Great, Russia has used a large number of Iraqi-made drones on the front line of Ukraine, which has caused major damage to Ukraine, but when it comes to high-tech finance, Iran is stretched, and it has no ability to develop digital currency alone, tied to Russian tanks to develop a unified Digital currency, for Iran, may be able to enter the era of digital currency ahead of schedule.
At present, the most typical digital currency is the digital currency of a country, including the digital Hong Kong dollar developed by an autonomous region like Hong Kong. There has never been a unified digital currency developed by two countries, and the progress is very fast now.
The digital ruble is about to start, which is also very important for Russia. Joining the digital currency competition will help Russia de-dollarize and realize currency independence. Therefore, Russia is not far behind in digital currency research and development, at least ahead of the euro, etc., and even the digital dollar has reached It has not yet started. Russia is one step ahead. The purpose is to firmly grasp the currency autonomy and realize the internationalization of the ruble in the process of promoting de-dollarization. This is conducive to safeguarding Russia’s sovereignty and interests. It is an inevitable move for Russia. Now is the critical moment.
Judging from these signs, Russia is going to start the digital ruble first, and then start the unified digital currency with Iran after the digital ruble is running smoothly. In fact, it is to develop a new digital currency on the basis of the digital ruble. Utilize the original infrastructure, and it is likely to be a digital ruble in disguise, but Iran can voluntarily accept it. Under the premise of not being able to develop its own digital currency, it will willingly accept the digital ruble or even the digital ruble in disguise. Russia and Iran are getting closer.
Fundamentally speaking, due to the extremely low cost of digital currency, transaction payment settlement and circulation are very fast, the digital currency of any country can be exchanged and payment transaction settlement at the fastest speed, so there is no need to engage in a unified unified number Currency, you only need to do a good job in the infrastructure platform, but it is not realistic for Russia to develop digital currency for Iran, so it is simply bundled together. This is a reasonable guess at present. How far it will go is hard to say at the moment, it can only be further observation and analysis.
Traders, if you like me or have your own opinion about it, please write in the comments. I will be happy
