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The Islamic Republic of Iran, known for its rich history and culture, has a financial system that is subject to international sanctions. These sanctions have limited the adoption of digital payments and international transactions. However, Iran is developing its own digital payment systems and exploring alternative financial networks. Iran’s payment system is subject to international sanctions, impacting access to global payment networks. While cash remains the primary method of transaction, the government has been actively promoting the development of domestic digital payment systems, including online banking and mobile payment platforms. These domestic systems are aimed at reducing reliance on international payment networks while fostering financial inclusion.

Population

Estimated Population

89.2 million

Currency

Currency

Iranian rial (IRR)



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