Iranians seem to be losing trust in the rial as it keeps losing value. However, the Iranian government is trying to solve this problem, and perhaps cryptocurrency will be a good choice.

The Central Bank of Iran (CBI) has announced that individuals and businesses are prohibited from exchanging foreign currencies at private foreign exchange exchanges in the country. According to local media reports, Iran's foreign exchange exchanges are now only allowed to buy or sell gold coins, and the end of the ban will be "further notice."

Mohammad Ali Karimi, head of public relations at the Central Bank of Iran, said on Iranian television that the government intends to issue new guidelines to redefine the work of foreign exchange exchanges. He also added that foreign exchange exchanges cannot now buy and sell fiat currencies, but they may be given the role of "mediator" in the current situation where Iranian banks cannot interact with foreign banks.

The move by the Central Bank of Iran is likely to be seen as a temporary emergency measure due to the rapid depreciation of the rial. However, since the Central Bank of Iran has given foreign exchange exchanges a "new role", it is indicated that this measure will continue at least for a while.