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between Azerbaijan and Iran in digital currencies and blockchain.
He reportedly said: "The two countries can conduct training and buying and selling in the field of blockchain. Iran is already cooperating with Georgia and other countries in the field of digital currencies and blockchain."
He added: "Iran can organise training with Azerbaijan in this area. It is possible to organise joint classes at universities."
Blockchain is a continuous sequential chain of blocks built according to certain rules containing information (a list of blocks securely linked using cryptography). The connection between the blocks is provided not only by numbering, but also by the fact that each block contains its own cryptographic hash sum and the hash sum of the previous block as well as a timestamp and transaction data. Changing any information in a block will change its hash sum. To comply with the rules for building a chain, changes in the hash sum need to be written to the next block, which causes changes to its hash sum.
The primary use of a blockchain is as a distributed ledger for cryptocurrencies such as bitcoin.
Iran's first digital economy and digital currencies exhibition took place in Tehran in 2021.
8.0 Financial & capital markets 8.1 Bank sector overview
Central Bank of Iran releases list of largest corporate debtors to state in banking
The Central Bank of Iran (CBI) on April 20 released a list of banks it classifies as the country's largest corporate debtors to the state in banking. It is a list that goes some way to bringing home the high levels of debt throughout the country’s monetary system.
The list is seen by some observers as an attempt by the Raisi administration to bring non-viable lending enterprises under government control under special measures or attempt to sell them on to new buyers.
It includes Eqtesad Novin Bank, Iran Venezeula Bank, Bank Pasargad, Post Bank, Bank Tejarat, Refagh Kargaran Bank, Bank Saman, Bank Sepah, Gharz al-Hasaneh Banks Mehr and Resalat, Bank Karafarin, Bank Keshavarzi, Tourism Bank and Bank Mellat, a release on the CBI website stated.
The banking debts were listed to “clear the way for transparency in the banking sector”, the release added, but the long list of both government-backed and private lenders underlines the severity of the internal financial crisis inside Iran. The CBI said that the accrued debts of the banking sector would from now on be published on a quarterly basis.
Iran’s domestic media appears to have been unable to report the names of the debtor banks due to the sensitivity of the information.
41 IRAN Country Report June 2022 www.intellinews.com