The delegation of the Russian State Duma discussed the issue of international settlement digital currency during its visit to Iraq

According to reports, according to the Russian Satellite News Agency on the 17th, Valery Gartuk, chairman of the Russian Duma Competition Protection Commission, said that Russia and Iran were discussing the creation of a unified digital currency for international settlement, which was also raised during the visit of the Russian Duma delegation to Iran.

Interpretation of this information:

In recent news, the Russian Satellite News Agency reported that Russia and Iran are in discussions regarding the creation of a digital currency for international settlement purposes. This proposal was brought up during a visit from the Russian Duma delegation to Iran, and Valery Gartuk, the chairman of the Russian Duma Competition Protection Commission, was the one to make the announcement.

It is not yet clear what the specific details of this proposed digital currency are, but it is likely that it would be a blockchain-based currency similar to Bitcoin. The advantages of such a currency could be many, including lower transaction fees, faster settlement times, and increased security.

However, there are also potential issues that could arise from the creation of a unified digital currency between Russia and Iran. For one, the value of the currency could be unstable depending on how the governments of each country manage their respective economies. Additionally, other nations may not be willing to switch to this new digital currency, especially if it is not backed by a tangible asset like gold or oil.

Despite these potential concerns, the idea of a unified digital currency between Russia and Iran is an intriguing one. It could lead to increased trade between the two countries and potentially even encourage other nations to follow suit. It will be interesting to see how this proposal develops and whether or not it gains traction in the global financial community.