Iranians sent $2.5 Billion out of country to purchase cryptocurrency

A statement by Chairman of Economic committee of Iran’s parliament has revealed that Iranians have spent more than $2.5 Billion out of the country just to purchase Cryptocurrency.

The Chairman of Economic Commission of the Parliament of Iran, Mohammad Reza Pourebrahimi said that:

Based on the existing data, few people in Iran are cryptocurrency users and more than 2.5 billion dollars has been sent out of the country for buying digital currencies.

Previously he also said that Iran citizens transferred $30 Billion out of the country a few months ago.

Iranians do not have access to the international banking system and the transfers can only occur through unconventional ways, such as exchange dealers or international travelers,

Iran is now also working with their own local cryptocurrency. Iran’s Information and Communications Technology (ICT) Minister, Mohammad Javad Azari-Jahromi, recently confirmed that an experimental local cryptocurrency has been developed and a test model was ready.


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