Iran makes first import order worth $10 mn using cryptocurrency: Report

Iran makes first import order worth $10 mn using cryptocurrency: Report

"This week, the first official import order registration worth 10 million dollars was successfully completed using cryptocurrency."

Iran makes first import order worth $10 mn using cryptocurrency: Report
Reuters
  • Aug 09, 2022,
  • Updated Aug 09, 2022, 3:38 PM IST

Iran has registered its first official order for importing $10 million worth of goods in cryptocurrency this week, the semi-official Tasnim agency reported on Tuesday quoting an official from the Ministry of Industry, Mine and Trade.

"This week, the first official import order registration worth 10 million dollars was successfully completed using cryptocurrency. By the end of September, the use of cryptocurrencies and smart contracts will be widely used in foreign trade with target countries," Alireza Peymanpak said. 

Read more!
RECOMMENDED