The State Duma has confirmed plans to create a gold-backed stablecoin (the common name for cryptocurrencies) for international treaties, including Iran. Anatoly Aksakov, chairman of the State Duma Financial Market Committee, said this. knowledgeable In an interview with the Parliament Newspaper.
According to him, during the last visit of the Russian delegation to Tehran, the parties discussed the possibility of using digital financial assets, including to pay for the shipment of Russian agricultural products.
“We discussed issuing a stablecoin backed by some kind of value. For example, I mentioned gold nuggets that refineries can provide, and DFAs (digital financial assets) will already be issued for these, which will then act as a means of payment in mutual settlements,” he said.
As the parliamentarian noted, the Iranian side has built up an impressive debt from Russia for the supply of goods. In addition, the existence of two exchange rates (official and market) of the rial to the US dollar creates discomfort for Russian exporters.
In the first half of December, Iran’s Ambassador to Moscow Kazim Celali declarationThe ruble could become the main currency in bilateral trade relations between Iran and Russia.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.